Bitcoin hit an all-time high but caution may be warranted
2024-12-16
Category: None

Bitcoin rallied to an all-time high of 106,533.00 BTCUSD Monday
President elect Trump's suggestion for bitcoin reserve helped the rally
Microstrategy MSTR Nasdaq 100 entry also helped buoy Bitcoin
Bitcoin pulled back from its record high, opened NY near 103,700
Bitcoin was up only +2.36% from Friday close & techs flashed warnings
Daily RSI didn't confirm the new high, daily inverted hammer candle formed
Bitcoin rally stalled near the top of the rising channel on daily charts
Daily techs suggest a there is growing risk of a downward correction
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Thomson Reutersbtc