Bitcoin's price is approaching a new all-time high and a long-term rally, with the market testing the key $69K resistance level. However, caution is advised as the RSI is approaching the overbought region, which could result in a pullback. Short-term market participants are realizing profits, indicating a potential correction if there is excess supply and selling pressure.
Other News from Today
Protocol Village: Conduit Launches New G2 Sequencer, Claiming 10x Improvement Over Existing Versions
Despite Bitcoin and Cryptocurrencies Soaring, a Derivatives Trader Issues a Warning About the Market