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Bitcoin Crash Coming? Overbought Levels Near 2017 $20,000 Peak

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The latest bitcoin price rally has pushed the asset into an extremely overbought region which could likely result in an interim crash. The Relative Strength Indicator (RSI), an oscillator which studies the speed and change of price movements, measures a market’s sentiment on a scale of 0 to 100. When RSI is above 70, it defines the market as overbought. And when it is below 30, the same indicator defines the market as oversold. The current bitcoin price action shows that the daily RSI has established 2019’s top towards 87, which means bitcoin is extremely overbought. The last time bitcoin’s

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