Date: 2025-05-27
Key takeaways:Bitcoin’s RSI has dropped 15% and is now below the overbought threshold.Bitcoin futures flip bearish with a 43% decline in perpetual CVD.Analysts predict Bitcoin could reach $150,000 as long as a key support level holds.Bitcoin’s (BTC) price hit fresh all-time highs of nearly $112,000 on May 23, gaining 50% from its April 1 lows. According to analysts, BTC price is now “showing signs of easing momentum” as it consolidates. Bitcoin’s rally to $111K triggered buyer fatigueBTC’s recent run to $111,000 pushed the daily relative strength index (RSI) into the overbought zone at 79.6. However, “signs of easing momentum” have emerged as the RSI dropped by 15% to 67, said market intelligence firm Glassnode in its latest report, adding:...
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