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BITDailyChart# | Has Bitcoin's Rebound Run Its Course?
Bitcoin has rebounded after its RSI hit oversold territory near 30%. While the bounce has been underwhelming so far, it has happened nonetheless.
With RSI now testing its trendline, just as the CLARITY Act looks less likely to pass before the summer recess, investors are questioning whether the rebound has run its course.
We don’t think so. We expect higher prices ahead, despite the geopolitical uncertainty and the apparent stalling in the probability of the CLARITY Act being passed anytime soon.
Disclaimer: This content is provided by a contracted analyst for informational purposes only and does not constitute investment advice. Investing involves risk.
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