📊 Weekly Radar: BTC under fire at $70k – Bounce opportunity or imminent drop?
Current Price and Support: Bitcoin is trading at $69,839.99, right at the psychological barrier of $70,000. It had a recent high of $71,453.53, but is now testing the support zone after a 0.67% drop in the last hours, we are at the "psychological barrier."
RSI Status: The RSI (6) is currently at 26.72. This indicates that the asset is in oversold territory in the short term (below 30). For your audience, this is usually interpreted as a sign that selling pressure may be running out near the key support.
Volume: A 24h volume of 2.02B USDT is observed, indicating that there is a lot of activity at these price levels.
Do you think the $70k will hold under pressure? I'm reading your comments. 👇
