BTCUSD exited the overbought area according to RSI

#RSI $BTC

General outlook

BTCUSD has been under buying pressure within the last couple of hours. The RSI indicator exited the overbought area of 70.

Analysts recommend opening a Sell order with a stop loss above the previous high.

Indicator overview

The Relative Strength Index (RSI) indicator identifies potential price reversal points when it exits the overbought or the oversold areas. We use the most popular period—14 for Space posts.

Disclaimers

The upcoming news will not influence your orders within the mentioned period.

Share your thoughts in the comments section if it's available for you.

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