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Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead
- Bitcoin has broken its daily RSI downtrend, trading in the high $80,000s.
- The RSI breakout suggests bullish momentum and a possible trend reversal.
- The Hash Ribbons indicator signals reduced selling pressure and the start of a new uptrend.
- Strong resistance is likely around the $89,000 level for Bitcoin.
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