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Bitcoin has reached the top of the world!
Bitcoin continues its upward rally at $ 56,000, although it seems exhausted, given the signals in the overpriced market charts. BTC has risen about 18% in the last week and faces resistance between $ 58,000 and $ 60,000.
The relative strength index (RSI) in the four-hour chart fell from an overvalued signal last week.
A negative deviation between the RSI and the price usually leads to a brief decline similar to mid-September.
The uptrend has improved in the last two weeks, which means that the downtrends could be limited to the initial support at $ 50,000.
Is there a ceiling for cryptocurrencies?
How far can their value go?
This article is for informational purposes only and does not replace specialized consulting services with professional experts.
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