Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Btceth01 on November 09, 2021, 10:05:05 PM
-
Bitcoin (BTC) is giving up some gains after reaching an all-time high near $68,500 on Monday. The cryptocurrency is overbought on intraday charts, although support around the $63,000-$65,000 range could stabilize a pullback.
The relative strength index (RSI) on the four-hour chart is the most overbought since Oct. 20, which preceded a near-10% price decline. Still, pullbacks have been shallow over the past few weeks as buyers remain active on breakouts.
The 100-day moving average on the four-hour chart is sloping upward, indicating positive trend strength over the short term. This means buyers could eventually return on price dips into the Asian trading session. source (https://cryptonews.net/2587297/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
-
$69,044.77 - Nov 10, 2021 it's happened again, but now it's also corrected to -7% and it looks like this is the umpteenth time bitcoin has done that. which will reach its latest ATH and will correct again, but a few days later it will reach its renewable ATH.
all of this indicates that bitcoin is on the way to a positive direction to be able to increase at any time.
the possibility that something like this will happen until the end of the year is very likely to happen, but the most important thing is the goal where bitcoin will indeed increase to its best point.