LudwigStirner

BTCUSD 4H Overbought, Warning!

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BITFINEX:BTCUSD   比特币
Bitcoin price is seen approaching the 10-Day EMA line, which has been providing support since Feburary. However this time other indicators are sending bearish signal. RSI indicator indicates that the stock is overbought. The RSI indicator is currently at 73.25 level, above the overbought threshold of 70. MACD also indicates that prices are likely to drop. In a bearish move, the signal will crossed MACD line from below. However, the Bitcoin’s main test will be the 20-Day and 50-Day EMA line.
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