Hello, let's see what the situation is according to the 1-day charts dated #Bitcoin 19 September 2024. I'm a little late today. Please excuse me. I wasn't feeling well. Anyway, let's get back to the agenda. The latest status of $BTC seems quite active. Now let's look at the indicators together:

RSI is currently at 63. This is below 70, which means it hasn't entered the overbought zone yet. So there may be more upward movement, but we should be careful, as the RSI approaches 70, the probability of a price decrease increases.

The CCI value appears to be around 202. According to this indicator, we are in the overbought zone and it says there is a potential for a decrease.

The MFI is around 64. According to this indicator, there is no overbought yet and it indicates that buyers are effective in the market.

The ROC appears to be around 10. We can say that there is upward momentum, but do not ignore the possibility of a reversal when it rises excessively.

The RVI is at 59 levels. This indicator indicates that volatility has increased slightly and that corrections may occur after a certain period of time.

According to the Fear/Greed Index, there is excessive greed/avariciousness in the market. At this point, investors should often be more careful, because periods of excessive greed usually end with correction movements.

If we combine everything, Bitcoin is currently rising solidly, but the market is extremely greedy. Therefore, it is necessary to be careful because a correction may come at some point. This is how things are. Sharing is not investment advice. I wish you a good evening.