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Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Bitcoin’s price is hovering near the lower Bollinger Band, indicating potential oversold conditions. The bands are slightly widening, suggesting increased volatility.
On the other hand, we see that the RSI is at 35.51, which is close to the oversold region (below 30). This suggests that the price might soon experience a reversal or a consolidation phase.
#Bitcoin # BTC #Crypto # cryptocurrency #cryptomarket