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Such RSI readings have historically triggered local corrections, particularly when they coincide with horizontal resistance zones.
Price action confirms this caution. Bitcoin is currently testing a critical support-turned-resistance area between $95,000 and $100,000, which capped the market during its February–March consolidation phase. So far, bulls have failed to establish a strong breakout above this range.
The positioning of the 50-day and 200-day EMAs, currently at $87,859 and $85,749, respectively, adds to the downside risk. If BTC faces rejection at the current resistance zone, these levels may act as magnetic support.
A short-term correction toward these EMAs would align with RSI mean reversion and the broader pattern of cooling demand momentum observed on-chain.
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