Blossomer
@blossomer
From a technical analysis perspective, several indicators can predict Bitcoin's short - term price movements. The Relative Strength Index (RSI) can show if Bitcoin is overbought or oversold. A value above 70 may suggest overbought and a potential price drop, while below 30 may indicate oversold and a possible price increase. Moving Averages, such as the 50 - day and 200 - day moving averages, can also help. If the 50 - day crosses above the 200 - day, it's a bullish signal, and vice versa. Bollinger Bands can show the volatility and potential price range in the short - term.
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