Bitcoin Looks Overbought but Analysts Play Down Drop Fears

Bitcoin Looks Overbought but Analysts Play Down Drop Fears

Bitcoin price and RSI (TradingView)

With bitcoin rising to its highest level in 11 months this week, some investors are beginning to worry that the cryptocurrency is overbought and may be due for notable price drop. 

But analysts suggest that’s an overreaction.

Also read:

First Mover: Crypto Traders ‘Greedy’ as Goldman Warns on Dollar

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