Bitcoin appears poised to test the 78k zone before staging a meaningful recovery. While it might seem bearish in the near term, there's an upside to this scenario—the move would likely print a bullish divergence on the RSI, signaling potential bottoming action. That's actually preferable to rallying from current levels. A dip to create this technical setup would establish a much healthier foundation for the medium-term chart. Sometimes the best moves start with a bit of pain first.

BTC0.62%
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