The BITSTAMP:BTCUSD pair is nearing a crucial resistance level at $46,177, signaling potential price retraction.
Our indicator ( http://w.aritas.io ) suggest a gradual exhaustion of bullish momentum, with increased short positions. Additionally, the Relative Strength Index (RSI) is approaching the overbought (OB) zone, indicating a potential reversal.
Caution is advised, and a retracement to around $39,375 is anticipated. Traders should closely monitor these levels for potential trend changes.