BTCUSD is moving towards the oversold area according to RSI
General outlook
BTCUSD has been under selling pressure within the last couple of hours. BTCUSD is moving towards the support level of 73,600.00.
If the pair rebounds from the support level, analysts recommend opening a Buy order with a take profit at the nearest resistance level. In case the breakout is confirmed, analysts suggest opening a Sell order.
Indicator overview
The Relative Strength Index (RSI) indicator identifies potential price reversal points when it exits the overbought or the oversold areas. We use the most popular period—14 for Space posts.
Disclaimers
The upcoming news will not influence your orders within the mentioned period.
Share your thoughts in the comments section if it's available for you.#BTCUSD #BTC #bitcoin $BTC
General outlook
BTCUSD has been under selling pressure within the last couple of hours. BTCUSD is moving towards the support level of 73,600.00.
If the pair rebounds from the support level, analysts recommend opening a Buy order with a take profit at the nearest resistance level. In case the breakout is confirmed, analysts suggest opening a Sell order.
Indicator overview
The Relative Strength Index (RSI) indicator identifies potential price reversal points when it exits the overbought or the oversold areas. We use the most popular period—14 for Space posts.
Disclaimers
The upcoming news will not influence your orders within the mentioned period.
Share your thoughts in the comments section if it's available for you.#BTCUSD #BTC #bitcoin $BTC