Although Bitcoin is currently experiencing a short-term decline, the possibility of a significant downturn should not be overlooked. If the price surpasses the crucial support level at 66,460, we may witness a deeper decline as the price continues to touch lower support zones.
However, in this volatile scenario, examining charts and conducting technical analysis is paramount. The Relative Strength Index (RSI) is currently trading steadily around the 55 mark, and maintaining this level or even rising to 60 could forecast an upcoming period of price increase. This indicates that despite short-term adjustments, the potential for Bitcoin price growth remains intact and may become clearer in the near future.
However, in this volatile scenario, examining charts and conducting technical analysis is paramount. The Relative Strength Index (RSI) is currently trading steadily around the 55 mark, and maintaining this level or even rising to 60 could forecast an upcoming period of price increase. This indicates that despite short-term adjustments, the potential for Bitcoin price growth remains intact and may become clearer in the near future.
