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Evans
@jgjgjf
Bitcoin's Relative Strength Index (RSI) is currently around 57.16, based on recent data, indicating it is neither overbought nor oversold. The RSI typically signals overbought conditions above 70, and recent posts on X suggest Bitcoin is not yet in this zone. However, some traders note it’s approaching overbought territory on shorter timeframes, with RSI values nearing 62.2. The daily RSI remains balanced, but bullish momentum could push it closer to 70 if the price continues to rise. Monitor for potential pullbacks if it exceeds 70, as this could indicate a short-term correction. Always combine RSI with other indicators for better accuracy.
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