Bitcoin is showing signs of being overbought and may experience a slight pullback or sideways consolidation in the short term.
Positive inflows into Bitcoin ETFs, with nearly $500 million entering on Friday alone, may have contributed to the recent price breakout.
Bitcoin faces a key resistance level around $68,000, and breaking this level could lead to a longer-term bullish trend and new all-time highs.
The RSI indicator suggests limited room for upward movement in the short term, but once it cools down, there may be more potential for further price increases.