is clearly overbought here on the 4hr chart. Today the RSI
hit a high that it had not seen since Dec 7th. BTC
is overdue for some sort of correction but be careful shorts. We may see a bearish
divergence build up over the next few days, similar to what happened 4/12 - 4/15 where the RSI
started down trending but the price continued up. If this scenario plays out we should still see a small correction here before more upward movement. Another note is the daily candle closed above the longterm log trendline
. This could cause some continued bullish
momentum and is literally what CNBC Fast Money told it's viewers they would want to see on their report yesterday.