Technical Indicators Point to Bullish Momentum Many analysts are pointing to the Relative Strength Index (RSI) as a key indicator for Bitcoin's current price action. The RSI is a momentum indicator that measures the speed and change of price movements. Currently, the RSI is showing that Bitcoin is in overbought territory, which could indicate a potential pullback in the short term. However, some analysts argue that this overbought condition could actually be a bullish signal, as it shows strong buying pressure and potential for further price gains. Ethereum Hits New All-Time High As Bitcoin's price has been fluctuating, its closest rival, Ethereum, is making waves in the crypto market. The second-largest cryptocurrency hit a new all-time high of $4,000, surpassing its previous record set in May. This surge in price has been attributed to the increasing adoption of Ethereum in decentralized finance (DeFi) and non-fungible token (NFT) markets. With more institutional inv...
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