Bitcoin: RSI Prints Equal Low as Price Seeks Lower Low
Trader Tardigrade reports Bitcoin RSI forming another equal low while price attempts a lower low, repeating a prior pattern of seeking lows followed by bounces and continuation at the current $80350.89 level.
SourceAnalysis
Bitcoin RSI is printing another equal low at a similar level while price tries to push a lower low, repeating the setup that previously delivered a bounce and continuation.
Price sits at $80350.89 inside the Bollinger band with the upper resistance at $81200.48. The 50-EMA at $78873.86 continues to act as concrete support beneath the 200-EMA at $80868.02, while MACD holds its golden cross at 592.81 and RSI at 64.81 remains neutral. With price testing upper Bollinger resistance while the RSI structure signals equal lows, a healthy retracement toward the 50-EMA support appears probable before further continuation.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.