Bitcoin RSI Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time

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He added that the RSI is now going for another retest of that same downtrend.  Related Reading: Analyst Says Bitcoin RSI Dominance Needs To Crash To This Level For The Bull Run To Resume The Bitcoin price rallied to $100,000 during this November 2024 period following Donald Trump’s victory in the US presidential elections.

The analyst added that the last two times BTC has held these supports, it has marked a local bottom.  Related Reading: Popular Analyst PlanB Expects Bitcoin Price To Double In 2025 As Bear Market Is Not Here In an earlier post, Titan of Crypto had raised the possibility of the Bitcoin price rallying to $91,000 soon.

The PCE inflation data, which was released on Friday, also sparked a bearish outlook for BTC as the core index rose beyond expectations.  BTC Could Form Local Bottom At Current Price Level Crypto analyst Titan of Crypto suggested that the Bitcoin price could form a local bottom at its current price level.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomFrance

Topics: FVG CoinMarketCap Peter Brandt Fair Value Gap Rekt Capital Btcusd QCP Capital Bitcoin BTC news Titan Of Crypto Btc price PCE Inflation Data Btc BTCUSDT Bitcoin Donald Trump Bitcoin price Bitcoin news

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-29 @ 11:00:08 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 439 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 27398624

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