BTC just did something it hasn't done in years
up over 22% in a single week trading near 77,000 after briefly touching almost 79,500 before a sharp flash crash rattled things saturday
the trigger dollar weakness plus a treasury buyback tweak fueling a broader hard asset rally not just crypto specific hype
but here's the part traders are watching closely right now
btc's 4 hour rsi just hit a 7 year high
that's not a small technical footnote extreme rsi readings like this have historically preceded sharp pullbacks
some analysts are already flagging a possible retrace back toward 70k even within this uptrend
doesn't mean the rally is over just means the easy fast gains phase is probably behind us for now
parabolic moves this fast almost always cool off before they continue
managing risk here matters more than chasing the candle
$BTC
up over 22% in a single week trading near 77,000 after briefly touching almost 79,500 before a sharp flash crash rattled things saturday
the trigger dollar weakness plus a treasury buyback tweak fueling a broader hard asset rally not just crypto specific hype
but here's the part traders are watching closely right now
btc's 4 hour rsi just hit a 7 year high
that's not a small technical footnote extreme rsi readings like this have historically preceded sharp pullbacks
some analysts are already flagging a possible retrace back toward 70k even within this uptrend
doesn't mean the rally is over just means the easy fast gains phase is probably behind us for now
parabolic moves this fast almost always cool off before they continue
managing risk here matters more than chasing the candle
$BTC