Bitcoin's Rally Has Been Relentless, But it's Now Getting Extremely Overbought
- The stock market was once again able to bounce back quickly from a decline, but the “internals” in yesterday’s bounce were not good at all. Therefore, we still think the stock market is ripe for a material pullback…that begins some time very soon.
- Bitcoin’s rally has been incredible in recent weeks. It’s breakout to a new all-time high has been very impressive. However, it’s also getting extremely overbought. Therefore, even if it is headed a lot higher this year, the odds are very high that it will see some sort of meaningful decline soon…in order to work-off this overbought condition.
This post is for subscribers on the Before the Open and All-Access tiers only
Try 14 Days FreeAlready have an account? Sign in