BITCOIN (BTC/USD): Bitcoin Might be Overdue for a Pullback

 


Bitcoin broke its 200-day EMA and is now retesting two key trendline resistances at around $23k. A breakout will take bitcoin to the next level at $24.2k. Beware that bitcoin's RSI is already topping. Overbought conditions can last for a while but not forever.

"$1.48B in Bitcoin options expire on Friday — Will BTC hold $22K?", per cointelegraph.com.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

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