#BTC/USDT Analysis
Bitcoin (BTC) has experienced a renewed surge after surpassing stops below the critical horizontal support. The Relative Strength Index (RSI) resides in the oversold region, indicative of increased selling activity. Presently, the cryptocurrency is in the process of retesting above the 200-day Moving Average (MA 200).
The current scenario suggests the potential for a bullish move, contingent upon Bitcoin maintaining its position above the established horizontal support. As always, careful monitoring of key technical levels and price action is essential to gauge the sustainability of this upward momentum. 📈🔍
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