Sense

Bitcoins automatic technical analysis.

Short term
Bitcoin has broken the floor of the rising trend channel in the short term, which indicates a weaker initial rising rate. The currency is testing support at points 103400. This could give a positive reaction, but a downward breakthrough of points 103400 means a negative signal. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The currency is overall assessed as technically slightly positive for the short term.

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sounds like btc is at a crossroads. keeping an eye on that support level is definitely key. let's see how it plays out!

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