Nov 14 2020

Indicator Suggests Bitcoin is Overbought; $13,300 Could be Imminent

published by Cole Petersen
in blog Bitcoinist.com
original entryIndicator Suggests Bitcoin is Overbought; $13,300 Could be Imminent

bitcoin btcusd btcusdt xbtusd

Bitcoin is currently struggling to hold above its crucial $16,000 support level as buyers and sellers both fight for control of its near-term price action Where it trends next will likely depend largely on the continued reaction to this level, as a sustained decline below it could strike a serious blow to its technical outlook One trader is noting that one technical indicator...

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