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Bitcoin RSI Market Ranges

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The RSI Market Ranges helps to indicate if Bitcoin is overbought, oversold or neutral according to historical price and RSI high and low correlations, it is simply a color coded RSI indicator.

This RSI indicator works best on a monthly time frame and should not be used on any timeframe under 1 week as any potential correlation between price and RSI at these lower time frames becomes erroneous.

The critical level to note is anything above the 94.99 level which usually triggered a notable price correction and consolidation period.

Penafian

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