Weekly RSI Indicator of BTC Price is Below Support Line

There is great support line coming from 2019 in weekly RSI Indicator of BTC Price. After today's BTC price dump, Support line broken down. Weekly close is very important!

I will follow this trend line to stop. If BTC Price close this level, support line will be broken. BTC Price should go up and close above 39K!

Is it possible?

It may be possible. As we see in daily chart of BTC, RSI indicator is in oversold area. We did see this level on Covid and Elon Musk dump... It may be the dip signal...

There is only 50 hours for weekly close. 39K is very imporant. We will see where BTC price be closed...

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