Over the past six days, Bitcoin 4 times (Sunday, Monday, Thursday and Friday) updated the annual maximum. Today, the price of a world’s top crypto has reached another thirteen-month high at the level of $9,820.
Although Bitcoin is following our earlier scenario, the indicators are showing market overheating and if the trend is not strong enough to continue moving up, then the asset will try to gain a foothold in the orange range before reaching $10,000.
During this time, the indicators (RSI) will come out of the overbought zone and will form a signal for continued growth. In this case, before the end of the week, the bulls will not have time to conquer a height of $10,000.
Although Bitcoin is following our earlier scenario, the indicators are showing market overheating and if the trend is not strong enough to continue moving up, then the asset will try to gain a foothold in the orange range before reaching $10,000.
During this time, the indicators (RSI) will come out of the overbought zone and will form a signal for continued growth. In this case, before the end of the week, the bulls will not have time to conquer a height of $10,000.
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