Bitcoin Update

$BTC

Some thoughts following lasts weeks post on $BTC price action -

Conditions Favor A Pause in BTC Here

Here’s an updated daily chart of $BTC, with a 4 hour look below it -

RSI on the daily got up to, but did not breach the upper bound of “overbought” conditions. Price has come in a bit since, but the 4 hour look is a bit more optimistic, as we can see the red candles have been on lower volume. This suggests to me that there’s potential that $BTC could hold in a sideways range here, hopefully above that $90K level where the 200 day moving average is located.