Roadmap & Short-term Technical Analysis in$BTC
Bitcoin RSI chart (1 week) looks worrying, although the RSI chart in the other image also looks scary, it is observed that short declines are followed by sharp rises.
Although the same scenario is expected, it is necessary to pay attention to a detail in the graph closest to today; RSI values that are not fully formed are very high. The market may need a cooldown here.
Although $BTC has broken the last downtrend, it has not determined its direction yet. Bitcoin has not yet recovered from the selling pressure of +70k levels. The 50-52k levels, where buy orders accumulate intensively, appear to be strong support at the moment.
