Look for some short term selling and rounding out around previous 6k support before tumbling further with the coming of the bear market in equities. Short term scalps going long with overall long trend still bearish
That's only a measure of relative strength of the preceding bars, not strength relative to actual value of BTC, which is very high
MysteriousPersian
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@Broom, first of all lets not even get started on the true value of bitcoin. But if you lok at recent price action, youll see that relative strength is just as if not more important.
Broom
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@MysteriousPersian, If that were true we would see an immediate selloff of the 5k level. It's sustained.