BTC at $85,000: RSI overbought on every timeframe
- —RSI readings: 71.58 daily, 84.75 H1, 86.85 M15 — overbought across all timeframes
- —Price sits above EMA20 (78,640), EMA50 (74,951) and EMA200 (72,745) in clean bullish order
- —Key resistance at $86,583, immediate support at $82,133
- —Bitcoin dominance climbed to 59.14%, Fear & Greed Index at 70
Why it matters: The trend remains bullish, but short-timeframe overbought conditions raise the risk of consolidation or a pullback toward $82,000.
Source: The Cryptonomist (IT)