📈Bitcoin (BTC) has been in the overbought zone for 2 weeks, according to the RSI, which could indicate a short-term bearish correction.
📊Nevertheless, the market has shown in the past that it can remain in the overbought zone for several weeks before a minor correction or even continue to rise. For this reason, it should not be considered an infallible signal and it is advisable to use the RSI along with other indicators.
Read the full note 👈
Do you think Bitcoin will remain in the overbought zone?
🥰 = It will continue to rise before correcting.
👎🏼 = We will soon see a bearish correction.
❤️ = It will move sideways for a while.
