Polkadot Price Upcoming Move As The Bears Emerge.
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Bitcoin Pullback To $40k Soon - $36k Support Level.
2021-07-27 | Mike Hallen
The RSI [Relative Strength Index] on the 4-hour chart reached extreme overbought levels over the weekend as bitcoin rallied. Overbought conditions typically precede price declines as buyers take profits.
The RSI on the daily chart is approaching overbought levels, which might limit bitcoin’s upside beyond the $40k resistance benchmark.
Although the intermediate-term downtrend is improving, bitcoin remains within a consolidation phase between $30k to $40k, which suggests buyers and sellers are in a stalemate despite occasional rallies as well as selloffs.
