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But beyond that, chartists will be focused on $50,000 вЂњbecause itвЂ™s a big round number.вЂќ HeвЂ™s also looking at $51,000, which represents a late-December high.Д«itcoin remains about 30% below the record high of around $69,000 reached in November. Matt Maley, chief market strategist at Miller Tabak + Co., says heвЂ™s looking at BitcoinвЂ™s 200-day moving average, which is currently around $48,270 - that could provide some short-term resistance. Domain Name: CRYPTOHEAVEN.COM Registry Domain ID: 69832256DOMAINCOM-VRSN Registrar WHOIS Server: Registrar URL. Highly secure email with encrypted hosted storage.

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Overbought levels tend to bring out projections for a short-term breather, though strategists at Bespoke Investment Group say itвЂ™s not always been the case that those conditions lead to a downturn and can instead portend further gains. Secure Email CryptoHeaven - download the latest version for Windows XP/Vista/7/8/10 (32-bit and 64-bit). Assets are considered overbought if its RSI crosses above 70 and oversold if it falls below 30. The rally has brought Bitcoin into technically overbought levels, based on its Relative Strength Index (RSI) score of 71.

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So I think certainly, itвЂ™s an exciting morning in the crypto community to see that year-long, so far, of losses erased, and also seeing Bitcoin break out above that psychological $45,000 level,вЂќ Michael Sonnenshein, CEO of Grayscale, said in a Bloomberg TV interview. вЂњItвЂ™s been a choppy start to the year, not just for crypto, but across all asset classes.

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