Bitcoin (BTC): Break of 200EMA / RSI is Oversold!
2024-10-02

We are looking now at a different scenario on Bitcoin where we are looking to get a similar movement like we had last time we entered the oversold zone on RSI (where at that moment we also broke the 200EMA).

Currently price also broke that 200EMA line and price has the potential to fall further 10% after what we might see some kind of supportive push and slight upward movement. 

As of now, the $70K scenario is not in priority; we had a hard rejection where buyers failed to secure the upper zones!

Swallow Team