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Bitcoin recovered to $57,000 after dipping below $54,000, with analysts predicting a potential bull run up to $123,000.BTC Ready to Fly Again?below $54,000 for the first time in five months. It recovered some of the losses over the weekend and is currently trading at around $57,000 , a 9% decline on a weekly scale.of late, multiple industry participants believe another bull run could be on the horizon.
The other indicator is Bitcoin’s Relative Strength Index , which checks whether the asset is oversold or overbought. It varies from 0 to 100 as a ratio above 70 signals about a possible correction. The RSI is currentlyBTC RSI, Source: Crypto Waves
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