Bitcoin daily RSI is showing overbought. Given the key areas highlighted in the fib retracement below, We have two levels of support.
I'm expecting Bitcoin to test $43k or $41.5k again before taking off to test resistance again at ~$45.9k.
I wouldn't be surprised to see something like this play out short term. Whether Bitcoin dips or immediately shoots up, I still believe the local bottom was tested on January 24.
With talks about banning Russian access to crypto exchanges, war escalating in Ukraine, and short sellers looking to take a quick profit, I think we'll