With all BTCUSD
oscillators at their upper extreme and the price getting closer to the upper trend line
of the huge ascending wedge
, it seems like we should expect a price correction soon. There is still room for BTC
to reach new highs as high as $5000 or even $5100 but that might as well not happen since every player in the market is already warned about bitcoin
being overpriced and should soon take action upon that.