Hello, let's evaluate the #Bitcoin situation according to the 1-day charts dated September 24, 2024. When we consider the indicators, we can make the following comments:
RSI is around 61, which means there have been a few buyers lately, but it hasn't entered the overbought zone, we can say it's quite calm.
CCI is around 99. This means that Bitcoin is currently a little close to buying, meaning prices are a little higher than normal, but be careful, this is not excessive. It's a little below overbought.
MFI is around 71. This means it's heading towards a slightly overbought purchase, but I still don't think there's any need to panic.
ROC is positive with 6.77, meaning the price change is positive, although there are occasional declines, there seems to be an increase in general.
RVI looks a little restless with 55.05, but overall volatility is at a controllable level. In other words, volatility is at a moderate level. There may be some movement.
Lastly, we look at the fear index. Its value also seems to be around 88. It signals high levels of greed. People think it will rise and buy, but this can be a bit dangerous. In other words, it seems like there may be a decline again at some point, on top of all this greed.
In short, there is movement in $BTC , people are quite excited, but you have to be careful. Sometimes being too greedy can backfire. This is how things are. Sharing is not investment advice. I wish you a good evening.