Bitcoin! Overbought on 1 day chart
Hallo Traders
The Relative Strength Index (RSI), a momentum indicator that measures the degree of recent price movements to analyze overbought or oversold levels, has surged to 82 on Bitcoin's daily chart. We are slowly approaching the maximum of 89 that Bitcoin reached 2 years ago.
It seems that the price has not yet reached the bottom and in the coming months we should see a new LL??
Let's wait and see if the MA200 (yellow line) will push Bitcion higher than 19.4k, if price bounces south there will be a price slide to 17.5k to start
The Relative Strength Index (RSI), a momentum indicator that measures the degree of recent price movements to analyze overbought or oversold levels, has surged to 82 on Bitcoin's daily chart. We are slowly approaching the maximum of 89 that Bitcoin reached 2 years ago.
It seems that the price has not yet reached the bottom and in the coming months we should see a new LL??
Let's wait and see if the MA200 (yellow line) will push Bitcion higher than 19.4k, if price bounces south there will be a price slide to 17.5k to start
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