![Bitcoin-Pullback-Could-Stabilize-Around-60K-Support.png Bitcoin Pullback Could Stabilize Around $60K Support](https://cryptotoptrends.com/wp-content/uploads/2021/11/Bitcoin-Pullback-Could-Stabilize-Around-60K-Support-678x381.png)
The relative strength index (RSI) on the four-hour chart (see above, featured image) registered an oversold signal on Nov. 12, although buyers quickly took profits around the $66,000 resistance level. The RSI is currently neutral, which means a period of consolidation could persist this week.
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