The sharp rally in Bitcoin and select altcoins has pushed their RSI near overbought levels, indicating a possible change in trend. Bitcoin (BTC) and several altcoins surprised with their newfound strength during the weekend. Bitcoin’s rally easily sliced through the $45,900 level, which according to Glassnode was an area of resistance because several investors had purchased near that level when Bitcoin was declining after hitting its all-time high in November.
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