Not All Analysts Think Bitcoin Is Poised to Crash

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Bitcoin has begun to show signs of weaknesses after a crazy rally from $11,000 to $24,000. The drop has made some suggest that a strong move lower is on its way. But on a near-term basis, not everyone is convinced that Bitcoin is done rallying just yet. Bitcoin Isn’t Poised to Crash, Say Some Analysts Bitcoin has begun to show signs of weaknesses after a crazy rally from $11,000 to $24,000. The leading cryptocurrency currently trades for $22,600, down a handful of percent since the aforementioned highs. This drop has made some fear that a bigger move lower is on its way. As reported by Bitcoinist previously, one trader, referencing the chart below, recently said: “BTC – Weekly RSI and Stoch RSI significantly overbought. It has been a trending market and oscillators can remain overbought – but I’m just being cautious here…. Local top?” As the chart shows, BTC’s Stochastic…

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