Bitcoin price must break through either $70,000 or $50,000 to decide next stable directional bias on weekly time frame. Ethereum price action offers bullish reversal play in the cards for 25% upside potential. Ripple price could climb 8% to $0.60 as XRP bulls sustain higher lows. Bitcoin price remains devoid of a directional bias on the higher time frames. In the lower time frames, the Relative Strength Index on the one-day timeframe shows both bulls and bears have folded their hands.
However, with the RSI above the mean level of 50 and the Awesome Oscillator in positive territory, the odds lean in favor of the upside. To confirm this directional bias, however, the bulls must haul BTC to close decisively above $70,000 on the weekly chart. BTC/USDT 1-week chart On the other hand, if bears take over the market amid falling momentum shown by the nose-diving RSI, Bitcoin price could drop below $60,660.
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