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BTC/USD: Rising Despite Being Overbought
Thursday morning saw another surge in bitcoin prices as we continue to move higher. That being said, given how overdone this market has been for so long, we should exercise some caution when pursuing it. As you can see, during the early hours of Thursday morning, the price of Bitcoin fluctuated. But to be honest, because of this, the market is a little overdone. I believe it will likely not be long before we witness buyers returning to the market to purchase it. However, we've also been done a bit too much already. Furthermore, I believe that you do need to view this through the lens of an extremely stretched market. ... (full story)