On the chart of Bitcoin (BTCUSD) we can see an overbought condition on a daily timeframe.
The three indicators used are the Bollinger Bands, Relative Strength Index and the Stochastics. All three indicators are indicating an overbought condition.
The price is currently bouncing off a resistance strong resistance. In combination with the information from the indicators, it is likely for the price to decrease within the range until it finds support.
See all further details on the chart.
Good luck!
The three indicators used are the Bollinger Bands, Relative Strength Index and the Stochastics. All three indicators are indicating an overbought condition.
The price is currently bouncing off a resistance strong resistance. In combination with the information from the indicators, it is likely for the price to decrease within the range until it finds support.
See all further details on the chart.
Good luck!
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