Mr.Arshman

07/15 16:09

BTC Price action points to strength, not exhaustio

BTC Price action points to strength, not exhaustion

BTC traded at $121,449 at press time, posting steady green candles over the past week. The daily RSI was at 77.86, clearly in overbought territory, typically a warning sign of potential short-term corrections.

However, the MACD continues to widen, and histogram bars remain green. This suggests bullish momentum is still intact. Volume has also increased alongside price, reinforcing the move’s legitimacy.

Having said that, a brief pullback is always possible at overbought levels. But unless momentum stalls, bulls seem firmly in control, pushing toward higher levels before any real correction emerges.

#Check In Daily, Win Prizes Daily — Join the Fun!#HTX 12th-Anniversary Carnival#Claim1,200 USDT in the Monthly Creation Challenge#Do you think NEWT is promising?#Do you think DELOREAN is promising?

4Share