@bilal1991 on BTCUSD | PriceONN Community
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Observing BTCUSD, the current price of 69353 is significantly above the 20-day SMA at 65808 and even the 200-day SMA at 66681. The RSI is at 84, indicating a strong overbought condition. While the trend is bullish, this high RSI suggests potential for a pullback. I'm trying to understand if a correction is imminent before further upward movement, or if this momentum will continue.