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Bitcoin at the brink: Assessing the break and reversal signals
Bitcoin has pierced above its first resistance fan line, with on-balance volume (OBV) holding above its flat moving average and the relative strength index (RSI) approaching overbought territory. A sustained RSI reading above 70 and a marginally higher high beyond the March 4 peak—while remaining below the April 7 pivot low—would confirm a pivotal high. However, the low-volume nature of weekend trading could invite manipulative spikes on geopolitical headlines. Notably, today’s candle printed a second TBO Close Short, a bullish reversal alert suggesting the downtrend may be nearing exhaustion. Traders should ... (full story)
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