Will Bitcoin momentum continue as RSI is overbought?

Bitcoin momentum has been on a steady climb since the beginning of the year, and it shows no signs of slowing down.

Jun 24, 2023

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As you may already know, Bitcoin momentum has been on a steady climb since the beginning of the year, and it shows no signs of slowing down.

I'm thrilled to report that Bitcoin's Relative Strength Index (RSI) is currently over 70, which is a strong indicator of an overbought market. The Simple Moving Average (SMA) 50 is also greater than SMA 20, which is…

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