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

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 32 Views

Bitcoin put in a lower high while consolidating gains as favorable RSI signals combined 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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