4 Articles
4 Articles
Bitcoin just flashed major crash signal
Bitcoin’s (BTC) daily Relative Strength Index (RSI) has climbed above 80, marking its most overbought reading since November 2024. The move follows a ferocious multi-day rally that lifted the cryptocurrency from the low $60,000s to nearly $80,000, with the latest RSI reading signaling that a short-term pullback may be possible. The rapid ascent began on August 19; Bitcoin gained more than 7% to approximately $69,300. The following session added …
According to ChainCatcher, Polymarket's prediction market contract regarding "What price will Bitcoin reach in August?" shows that, as of now, there is approximately an 81% probability that BTC will reach $80,000 in August, a 49% probability that it will reach $82,500, and a 27% probability that it will reach $85,000. The probability of it falling below $75,000 is approximately 50%. These figures are subject to change in real-time with market ac…
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