Crypto strategic expert, who has been widely followed, says that Bitcoin is about to flip up the climb as multiple technical indicators are flashing green for BTC.
Kevin Svinson Trader Recount Bitcoin (RSI) index of Bitcoin (RSI) confirmed that they are 161,100 on the social media platform X that the Bitcoin Rest Index Index (RSI) on the weekly chart after the closing of the candle last week.
RSI is a momentum index used by traders to discover possible reflection points. Last week, Svenson said that the confirmed weekly RSI signals “proved that they are among the most reliable indicators of Macro.”
With the confirmation of the penetration signal now, the circulating Secure This BTC is preparing to see the transformation of the upward trend.
“Market dynamics transform. The demand is now over the supply. Huge discounts are still available to seize it.
One thing is certain: Nothing lasts forever. This declining trend will be reflected in the upper level. The real question is … Are you ready for that? “
Zoom on the three -day graph, svenson He says The Bitcoin RSI index and a medium rapprochement index (MACD) indicates the rise in BTC prices.
MACD is a follow -up indicator of trends that helps traders discover possible entry and exit points.
Svinson says,
Bitcoin scheme for three days (RSI/MACD):
Very decent preparation here for the upper direction axis. ”
At the time of this report, Bitcoin is traded for $ 87,559.
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