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- 🚀 Calling all Gate Square content creators!
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June 17, 2023 at 17:55 My Bitcoin Analysis
Bitcoin started its rally on Saturday at $25,245 and has risen well above its level the day before. Although BTC, which tested the $26,769 levels, could not break here, seeing the price reach the highest point after May 8 may give hope to investors. The $26,820 level was tested before but failed to break.
Looking at the BTC/USD chart, it is seen that the 14-day RSI has broken the 43 level. This indicator, which has risen to the level of 50.55, will now try to break the 51 resistance and above this can be interpreted as a new mini bull rally for BTC. Traders, on the other hand, can consider this level as $27,300 on the price and start watching the relevant resistance. BTC should not lose the $26,000 support in a possible reversal.
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