Bitcoin has surged past notable resistance levels, including $70,000, $85,000, and $99,000, highlighting a strong upward momentum. This movement is supported by exponential moving averages (EMAs), with the 50-day EMA placed above the 100- and 200-day lines, suggesting a robust bullish trend.
Despite these positive signs, the Relative Strength Index (RSI) has climbed to 82, which typically indicates overbought conditions in the market. Such a scenario could foreshadow a potential short-term price correction, despite the ongoing bullish market sentiment.
Source : coinpedia.org ↗