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BTC/USD: Recovery in Progress After Flipping 90k
Bitcoin price rebounded and moved above the key resistance point at $90,000 for the first time since November 20 as the recent rally continued. The BTC/USD pair has jumped to a high of 90,200, up by 12% above the lowest point this month. Bitcoin has rallied this week because of the expectation that it was a bargain. One of the main reasons for this is that it became extremely oversold level on the daily chart. The Relative Strength Index (RSI) bottomed at the oversold level this month. The BTC/USD pair also rose as the Crypto Fear and Greed Index tumbled to the lowest point this year. It is common for the pair to ... (full story)
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