BTC: Where is it heading, what to expect from it! Subscribe!

The asset's daily RSI has once again fallen into this territory, it is possible that its price could return to bullish momentum in the near future. The analyst notes that this could make the current dip an excellent buying opportunity.

In a scenario where BTC does see a rally resulting from this pattern, similar to previous cases, a rise equal to the smallest spike (60%) would mean the cryptocurrency rises to a new high of $96,000.

Given this trend in the daily RSI, it remains to be seen how the price of the cryptocurrency will develop going forward.

BTC price

Bitcoin fell below $60,000 earlier in the day, but the asset has since rebounded slightly to $61,000.

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