Bitcoin RSI strength suggests BTC price is still far from its cycle top
Sentiment may be in "extreme greed" territory, but math-based metrics continue to leave the door open for further Bitcoin price gains.
Auto Added by WPeMatico
Sentiment may be in "extreme greed" territory, but math-based metrics continue to leave the door open for further Bitcoin price gains.
An exciting week begins with Bitcoin back challenging all-time highs and ETFs seeing a potential U.S. launch.
Holding above $60,000 on Sunday should all but guarantee a record weekly close, data shows.
Suspicions arise over U.S. regulators' acceptance of physical Bitcoin ETF products later this year, amid reports than investors are voting with their feet.
The downside does not last long with an abrupt return to form taking Bitcoin price action back to mid-May levels.
In fresh, albeit mixed, comments on Bitcoin, Larry Fink reiterated excitement about the future of cryptocurrency — and does not dismiss the idea that the success story could be BTC.
No one seems very interested in Bitcoin despite BTC/USD being barely 15% from all-time highs.
Bid and ask levels are flipping bullish as BTC/USD heads towards $60,000, data shows.
The latest bullish Bitcoin price forecast further cements the case for a breakout, but a retracement could conversely end up with a visit to $45,000.
Bitcoin bulls buy up every dip as peak after peak falls to the widely anticipated Q4 bull run finale.