LIVECopilot
🎉**Bitcoin: Party or Packed Lunch?**🥪
Bitcoin (BTC) just hit the $53,000 mark! 🚀 That’s like reaching the summit of Mount Everest, but in the Bitcoin world. It has reached and checked off the 70 Fibonacci Extension target at $52,938. ✔️
But wait a minute! Before we start the party, this breakout must still be confirmed by the daily closing price. 📈 As long as BTC remains within the trading range of the last six days, sellers might try to initiate a price consolidation. Target? The psychologically relevant mark of $50,000. 😱
Despite the sideways movement, Bitcoin was able to partially reduce its overbought condition. But beware! The bearish divergence in the RSI could be a stumbling block. 🐻
Which chart levels should investors keep an eye on? Stay tuned for more exciting updates! 🕵️♂️📊
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