Bitcoin near $85K hits overbought extremes, next resistance at $86,583
- —BTC near $85,000 trades above EMA20 ($78,640), EMA50 ($74,951) and EMA200 ($72,745)
- —Daily RSI14 at 71.58, hourly at 84.75 and 15-minute at 86.85
- —Fear & Greed Index at 70; total market cap $2.88T, BTC dominance 59.1%
- —Next resistance at $86,583, support at $83,717 and $82,134
Why it matters: Overbought readings on lower timeframes raise the risk of a sharp pullback toward $82,000–84,000, though the trend stays bullish unless price closes below the $78,640 EMA20.
Source: Cryptonews.net