Bitcoin Upside Stalls; Lower Support at $38K-$40K

From coindesk.com

Bitcoin (BTC) is roughly flat over the past 24 hours as the rally near $45,000 appears exhausted. Short-term overbought signals could encourage profit-taking, although buyers will likely return around the $38,000 to $40,000 support zone. Bitcoin is up about 20% over the past week, compared to a 25% rise in ether, the world’s second largest cryptocurrency. The relative strength index (RSI) on the four-hour chart registered lower highs and is declining from overbought territory. Typically, short-term overbought signals precede price declines of about 5% to 10%. Initial support is seen at the $40,000 breakout level, ... (full story)