Polkadot Price Upcoming Move As The Bears Emerge.
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Bitcoin Price Over $31k - Resistance At $32k & $34k.
2021-07-21 | Selina Mathew
The RSI [Relative Strength Index] on the 4-hour chart registered an oversold signal on Monday as bitcoin dipped below $30k. The RSI isn't yet overbought, which could keep buyers active towards $34k resistance.
The 100-period moving average on the 4-hour chart is sloping downwards as buyers are quick to require profits on rallies.
Short-term momentum is improving as bitcoin returns to a month-long range. The rebound over $30k suggests selling pressure from June is beginning to slow.
