@hirakhan17 on BTCUSD | PriceONN Community

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hirakhan17
hirakhan17 PRO newbie
BTCUSD Feb 25
The bullish momentum for BTCUSD is very clear, but I'm trying to understand the implications of the RSI being at 76.4. That's significantly overbought, right? Does this usually lead to a swift correction, or can it sustain this level for a while given the strong trend? I'm looking at the price around 67500 near the R2 pivot.
BTCUSD

Replies (1)

hirakhan17
hirakhan17 PRO newbie Feb 25
update: also seeing the price is right at the upper Bollinger Band. This adds to my concern about a potential reversal soon.
EURUSD 1.16125 -0.16%
GBPUSD 1.34237 -0.29%
USDJPY 160.01700 +0.09%
XAUUSD 4,480.21 -0.17%
XAGUSD 74.06 -1.38%
BTCUSD 63,603 -5.90%
SP500 6,572.87 +0.74%
BRENT 98.21 -0.68%
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