3 min readBITCOIN (BTC/USD):
After breaking into new all-time highs (ATHs) last week and surpassing the much-anticipated psychological level of $100,000.00, we are now observing a slight rejection at this price point.
A closer examination of the technicals reveals that price action appears overextended on the RSI indicator. If we experience short-term downside momentum, I will closely monitor how price action interacts with the 50% Fibonacci level. This area aligns with previous resistance zones that have yet to be retested.
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