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WEEKLY RSI AT MAJOR RESISTANCE!

At present, Bitcoin is hovering around a key support level, which is essential to maintain. Previously, when Bitcoin broke below this trendline, it underwent a 25% correction.

Stay cautious until the RSI breaks its resistance trendline. Once it does, it will confirm that Bitcoin bottom is in!

Momentum is still below its resistance. Again, keep in mind that as long as the RSI is below the resistance trendline, we need to stay cautious!