BTCUSD has been on a bullish trend for quite a while now and it seems to be no end in sight. HOWEVER the cryptocurrency is extremely overbought with an RSI of 85, and it is approaching some levels of Fibonacci confluence. Being that previous structural highs have been broken, the pair still has room to move up, BUT it must retrace first. It appears that BTC will pull back into the 1280s (.382 retracement) after testing the 1.27 extension of the previous impulse leg. After which, it may extend up to 1700 for target 1 and potentially 1923 for target 2. Keep in mind that cryptocurrencies are still extremely volatile, and any trades on these pair should be watched closely.