Chasing Bitcoin (BTC) Here Looks Like Very Late ‘Trade,’ Analyst Says

The RSI indicates overbought conditions. (The Market Ear, Refinitiv)

That said, RSI is not the holy grail. Markets often maintain a strong upward trajectory for days and weeks, keeping the RSI above 70 for a prolonged time. As Newton’s law says, “An object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force.”

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