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.
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