Bitcoin price $111K support retest ‘in progress’ as RSI points higher


Bitcoin price 1K support retest ‘in progress’ as RSI points higher


Bitcoin put in a lower high while consolidating gains as favorable RSI signals combine with an expected Federal Reserve interest-rate cut.

Key points:

Bitcoin begins to find a local floor, with analysis highlighting several key lines in the sand.

RSI signals demand upside continuation as longer timeframes remain in doubt.

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