lombardodeameliano

Bitcoin will never close below 3200$... here is the reason.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has recorded 2 times of under 30 RSI in weekly charts in its history.
In those 2 times it never closed in weekly chart below the opening of the week which the RSI recovered and signaled green to buy.
So we are in a full year of side way moves but the probability of price going under 3200 is pretty low. it might get there in hourly charts but consider it golden hours of buying