Price Z-Score 200d #Bitcoin reaches overbought🔴 territory The ongoing trend reversal was confirmed by the pattern that developed as it broke through neutral zone and reached the red line. Now, the expectation is that #BTC price will enter a pullback to confirm the old resistance zone as definitive new support to sustain structural shift. The price projection for correction is within the channel between $78k (control point) - $71k (base of support channel — former resistance). As a result, the indicator tends to maintain a neutral value (0.00) as a floor.
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