Bitcoin Plunges Below $66K: These Indicators Show If It's Time To Use The Escape Hatch
Portfolio Pulse from Murtuza Merchant
Bitcoin has dipped to $65,500, but blockchain analytics firm Lookonchain suggests it might be a good time to buy based on several indicators, including the Rainbow Chart, RSI, 200-week moving average, CVDD, and the 2-Year MA Multiplier. These indicators suggest Bitcoin is not overvalued and may have room for further growth.
June 14, 2024 | 5:54 pm
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Bitcoin has dipped to $65,500, but several key indicators from Lookonchain suggest it might be a good time to buy. The Rainbow Chart, RSI, 200-week moving average, CVDD, and 2-Year MA Multiplier all indicate potential for further growth.
Lookonchain's analysis using multiple technical indicators suggests that Bitcoin is not overvalued and has room for further growth. This could lead to increased buying interest and a potential price increase in the short term.
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