Community Articles

via Cointelegraph · By Cointelegraph Staff

Bitcoin’s ‘Overbought’ RSI Hints at BTC Price Dropping to Test $78K

BTC

BTC/USDT

$59,810.00

-2.06%

$59,810.00

-2.06%

(24s)

24h Volume

$29,656,789,241.34

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

71.3%

Long: 71.3%Short: 28.7%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,842.00

▼ -2.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,245.37

Resistance 2$62,909.86

Resistance 1$61,023.09

Price$59,842.00

Support 1$59,102.70

Support 2$57,460.19

Support 3$51,387.09

Pivot (PP):$59,973.14

Trend:Downtrend

RSI (14):30.6

Cointelegraph Staff

(03:35 PM UTC)

1 min read

Updated byJames Mitchell

756 views

0 comments

Bitcoin (BTC) traders expect a short-term correction as a key BTC price strength metric rises to its highest levels in almost fifteen weeks.

Key takeaways:

Bitcoin’s “overbought” RSI historically precedes significant corrections.
Bitcoin could see a short-term price drop if the price breaks below the $78,000 support.

Bitcoin metrics suggest BTC price is “overheated”

Bitcoin’s 36% rally to $82,800 on…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Cointelegraph Staff · Cointelegraph

Read original →

Live BTC price →More BTC news →

Comments