Bitcoin's Healthy Pullback

The recent Bitcoin chart shows several healthy pullbacks, and I’m quite optimistic about yesterday's price action. Here are some key points:

The price bounced off the VMA trendline perfectly, which remains bullish—exactly what we want to see.

It moved away from the upper Bollinger Band, allowing for some fresh breathing room.

Prior to yesterday's pullback, the RSI was nearing overbought territory (>70), and it has now returned to a healthier level.

Other indicators, like the Stochastic RSI and WillR, support this outlook.

In summary, this pullback could be a textbook example if Bitcoin maintains this level and begins to reverse.

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