LFalcon72

BTC retesting RSI multi-year trend line

CEXIO:BTCUSD   None
Bitcoin’s RSI appears to be retesting a multi-year trend line on the 3-day timeframe that stretches from as far back as 2019. The price reversed on this line 3 times in the past and is now going for the 4th retest. Considering this is a multi-year trend line we can safely say this is a strong crucial support line. Any movement from this point should cause a increased volatility in either direction. Currently it appears that it might respect the trend line and reverse here but trade with caution here for the market is very indecisive right now.
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