is possible
The price of the first cryptocurrency shows a correction against the background of a strong overbought. For the first time since December 2017, the 14-day RSI reached 89.11. CoinDesk Markets analyst Omkar Godboul is convinced that over the next days a rollback to support levels of $ 4,672 and $ 4,565 is possible.
This is a case of overlapping conditions for 16 months. https://t.co/uksFOXldKF Report by @ godbole17
– CoinDesk Markets (@CoinDeskMarkets) April 4, 2019
On the daily chart, it can be seen that the candle on Wednesday closed with a long upper shadow, and on the 4-hour timeframe, meanwhile, there is a bearish absorption.
CoinDesk Markets Information
On the hourly chart, you can see how RSI is already smoothly leaving the overbought zone. However, only falling below $ 4236 will completely cancel the bull rally.
CoinDesk Markets Information
Recall, against the background of the rise in Bitcoin prices at CMC , the absolute historical maximum was recorded in daily trading volumes at around $ 86.62 billion.
However, alternative resources that track trusted trading platforms reported no more than $ 6 billion in performance.
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