3 min readBITCOIN (BTC/USD):
Continuing from last week’s article, price action has remained exceptionally strong, driving the market into new all-time highs (ATHs) and exploring uncharted price discovery levels.
On Friday, the price surged to a high of $99,800.00 before encountering short-term pullbacks, just shy of the critical psychological barrier at $100,000.00. On the daily chart, the market appears overextended, with the RSI indicator signalling potential “overbought” conditions in the short term. This week, I will be monitoring closely to see if the price can sustain its momentum and push higher into new all-time highs (ATHs).
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
