Bitcoin had an absolute monster run yesterday, which had many of us holders dancing and jumping for joy, watching our portfolio value climb!
After touching a new high of $5866, we saw a quick sell off before returning to our current price of $5700. RSI indicator is cooling off after breaching 80 on the overbought side. I suspect we come down to around the 50-55 RSI before thinking about going on another run.
MACD is also cooling down. A sell signal was initiated, so we will keep an eye out for increase bear volume and a rise in overbought conditions on RSI. We do have a double top at $5744, meaning we could run sideways for a bit before the market decides a direction.
All in all, Bitcoin is looking good! And for all you Ethereum HODLers, today is your day ;)
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