When the #BTC Realized P&L Ratio line approaches the upper green line

17.12.2023
17.12.2023

When the #BTC Realized P&L Ratio line approaches the upper green line, it can indicate potential overbought, while approaching the lower red line can indicate oversold conditions. However, the market has been in a strong growth phase since September and the current correction may be limited by the orange 30-day SMA line.

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