Bitcoin at $86,907 as hourly RSI hits 88, flashing correction risk
- —BTC trades at $86,907, above the daily upper Bollinger Band of $84,054
- —Hourly RSI reached 87.84; daily RSI stands at 74.27
- —BTC dominance steady at 59%, total market cap at $2.94 trillion
- —Curve DEX fees jumped 386% daily, Uniswap V3 up 97.5%
Why it matters: Overbought conditions on the hourly chart raise the odds of a pullback, with the daily pivot at $84,924 as the first support.
Source: The Cryptonomist (IT)