Title: BTC Analysis: What Do RSI and Market Dominance Say? 📊
Guys, $BTC is currently consolidating around the $79,700 zone.
I checked the 1-minute chart and the RSI (6) is almost at 63. This indicates that the bulls are still active, but the $80,000 level is a major psychological resistance.
Another interesting point is that Bitcoin Dominance has risen above 60%. This means that all the money is currently flowing into BTC. If the price holds from here, we could see the next big jump.
Are you guys waiting for a breakout or thinking of selling (shorting) from here? Share your thoughts in the comments below! 👇
#BTC #BitcoinAnalysis #CryptoUpdate #RSI: #TradingSignals #Write2Earn
Guys, $BTC is currently consolidating around the $79,700 zone.
I checked the 1-minute chart and the RSI (6) is almost at 63. This indicates that the bulls are still active, but the $80,000 level is a major psychological resistance.
Another interesting point is that Bitcoin Dominance has risen above 60%. This means that all the money is currently flowing into BTC. If the price holds from here, we could see the next big jump.
Are you guys waiting for a breakout or thinking of selling (shorting) from here? Share your thoughts in the comments below! 👇
#BTC #BitcoinAnalysis #CryptoUpdate #RSI: #TradingSignals #Write2Earn