Summary
- Bitcoin is attempting to break through $84,000, but there is an analysis that it is likely to remain bearish for the time being.
- Cryptocurrency trader Roman stated that Bitcoin's RSI is reconfirming the overbought zone.
- Currently, Bitcoin is reported to be trading at $83,465.43 on the Binance Tether market, up 1.34% from the previous day.
According to the cryptocurrency specialized media Cointelegraph on the 31st (local time), Bitcoin (BTC) is attempting to break through $84,000, but there is an analysis that it is likely to remain bearish for the time being.
Cryptocurrency trader Roman explained on X (formerly Twitter) that "the Relative Strength Index (RSI) on the Coinbase BTC/USD 4-hour chart is reconfirming the overbought baseline of 50," and "a bearish trend is also appearing in both the short-term time frame (LTF) and the long-term time frame (HTF)."
Meanwhile, BTC is trading at $83,465.43 on the Binance Tether (USDT) market at 01:35 on the 1st, up 1.34% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
