Bitcoin Price New ATH at $3786, RSI Signals Overbought Market

stock chart bitcoin 812With Bitcoin’s price rising so quickly in the past few hours, the RSI has passed a reasonable threshold for a healthy market. At the current RSI of 75, the technical indicator is signalling an overbought market. An overbought market means that all of the buyers’ assets have depleted.┬áSince the weekend is here, most banks will not be open for a few days. Traders will have a harder time getting funds on exchanges to keep up the buy volume. If this theory holds true, expect a consolidation period and a price pullback. In truth, since Bitcoin is in uncharted territory, most

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