The Bitcoin ‘train still has room to run’ after the $107,000 record high
With Bitcoin (BTC) surging to a new record high of above $107,000, momentum indicators suggest that the asset’s current run is far from over. Specifically, the maiden cryptocurrency’s Relative Strength Index (RSI) has yet to reach the 90 mark—a level achieved during the past two bull cycles, according to an Analysis by financial data platform Barchart in an X post on December 17. Indeed, Bitcoin’s cycle tops in 2017 and 2021 coincided with the monthly RSI surpassing 90 and currently reads 77.19, far below previous overbought levels. Picks for you Atom Accelerator and Neutron invest $500,000 in CosmWasm 36 mins ago Aurora Labs upgrades the TURBO ecosystem with TurboChain and TurboSwap 36 mins a...