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Bitcoin Looks Overbought but Analysts Play Down Drop Fears

Bitcoin's rally looks overstretched, according to a technical indicator, but short-term price consolidation looks more likely than a drop, say analysts.

Updated Sep 14, 2021, 9:37 a.m. Published Jul 29, 2020, 12:40 p.m.
Bitcoin price and RSI (TradingView)
Bitcoin price and RSI (TradingView)