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Image Credit: Coin Telegraph

Bitcoin trader issues ‘overbought’ warning as BTC price eyes $84K

  • Bitcoin (BTC) experienced a slight increase as traders remained cautious about the short-term price outlook.
  • Bitcoin's RSI suggests a potential bearish continuation, with a forecasted return to levels closer to $80,000.
  • Several BTC price metrics indicate a lackluster phase of the bull market and the possibility of a continued correction.
  • Bitcoin's first quarter of 2025 is reported to be the worst in years, with resistance at $89,000 and a growing correlation with US stocks.

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