## Bitcoin RSI Analysis: Is BTC Overbought? Bitcoin's recent price surge has led many investors to question whether it's entering overbought territory. Analyst PlanB addressed these concerns, pointing out that while Bitcoin's Relative Strength Index (RSI) is currently at 70, it's not necessarily a cause for alarm. PlanB explained that traditional financial markets often consider an RSI above 70 as overbought. However, the typical RSI range for Bitcoin is much higher, ranging from 40 to 90. He notes that the current RSI is only slightly above the average of 65. This suggests that Bitcoin has room to grow before being considered truly overbought. The RSI is a momentum indicator, and in Bitcoin's volatile market, it often reaches higher levels than in traditional assets. Investors should consider Bitcoin's historical RSI behavior when assessing potential overbought or oversold conditions, and not rely solely on conventional interpretations. ```

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