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Bitcoin traders split between $70K crash and BTC price rebound within days
ared relative strength index (RSI) bearish divergences now and through 2021, the final year of Bitcoin’s last bull market.
Pillows added that buyer pressure needed to stop the 100-week exponential moving average (EMA) crossing below its equivalent simple moving average (SMA).
“The last 2 instances caused a 40%-50% $BTC crash within 4-6 weeks,” he warned.