Bitcoin Price Analysis: BTC/USD retreats from $10,000 after a brief flirtation

Bitcoin Price Analysis: BTC/USD retreats from $10,000 after a brief flirtation

The general market estimation stays bullish as speculators unite their positions pre-dividing. 

The RSI pointer has gone up further in the overbought zone and is floating around 78.05. 

BTC/USD day by day outline

BTC/USD tumbled down from $10,000 to $9,910 in the early long stretches of Friday as the bears stepped in to address the value following a vigorously bullish Thursday. This Thursday, the cost hopped from $9,158.30 to $10,000 as the bulls kept on merging their positions pre-splitting and crawled over the 20-day Bollinger Band. The RSI pointer is inclining around 78 inside the overbought zone proposing that the cost is presently exaggerated and a momentary bearish amendment is normal. The MACD demonstrates expanding bullish market energy.