Bitcoin looks far from overbought as ‘stars are aligned’ for ETF surge
Bitwise’s Matt Hougan predicts Bitcoin ETF inflows will hit a record in Q4, as analysts say Bitcoin still has room to run despite recently hitting a peak.
Bitcoin is currently clear of “overbought conditions” and is set to track a steady path upward despite hitting a new all-time high on Monday, according to analysts.
Bitcoin (BTC) hit a peak high of over $126,000 on Monday, which places it “roughly halfway through its four-year price cycle,” CryptoQuant contributor Arab Chain said on Wednesday.
“Despite this strong performance, technical indicators suggest the price is still moving within a stable range far from the overbought conditions that typically precede historical peaks,” it added.