Bitcoin to Correct to $6,000s: Technicals Suggest BTC Remains Overbought

Bitcoin Still in Overbought Range

Bitcoin (BTC) may seem like an unpredictable asset, but through its decade of existence, patterns have been found. One of these patterns, or rather a multitude of them, is currently signaling that the cryptocurrency is poised to scale back further.

While Bitcoin’s three-day chart looks surprisingly bullish, despite last week’s collapse from $9,100 to $7,500, analyst Crypto Thies is calling for BTC to fall further. In a recent tweet, the analyst...

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