Bitcoin Looks Overbought But Analysts Play Down Drop Fears
Bitcoin's rally looks overstretched, according to a technical indicator, but short-term price consolidation looks more likely than a drop, say analysts. Source
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Overbought
Overbought Tezos Slips 9% Before Hitting All-Time High; Rebound Ahead?
Tezos failed to retest its all-time high after finding sellers near its local top.The XTZ-to-dollar exchange rate corrected downwards by more than 9 percent after logging four consecutive bullish sessions.It is now eyeing a deeper pullback but could resume its uptrend owing to macro cryptocurrency market narrative.Tezos (XTZ) was going
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Ethereum Can Hit $440 But Indicator Warns Altcoin ‘Overbought’
Ether (ETH) price could continue its gains to hit $440 before resistance kicks in, one analyst has told mainstream media. Speaking to Bloomberg on Feb. 14, Edward Moya, senior market analyst at online forex broker Oanda Corp, warned that the largest altcoin’s huge gains in 2020 were now looking unstable. GSI
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Bitcoin Is Most Overbought in 2 Years After Price Rises Back Above $10K
Bitcoin’s recent price rally is looking as overstretched, according to a technical indicator.The money flow index (MFI), a momentum indicator that incorporates both price and trading volumes, has risen to 86.00 on the three-day chart. That's the highest level since late 2017 when prices hit a life-time high of $20,000. A
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