Bitcoin (BTC): Price At Major Resistance Zone / RSI is Stable
2024-10-21

Bitcoin on a weekly timeframe has reached the major resistance zone.

While Bitcoin is at that zone and we are looking for some major moves to happen soon (downward movement), we have one slight concern here, the RSI.

RSI is stable while marketprice is near ATH zone (where previously when price was near this zone we were in overbought zone with RSI), so our gameplan is next: We want to see a possible quick liquidity grab to upper zones and then a sharp rejection where sellers will dominate every zone on the way down!

Swallow Team 