Bitcoin holds $87K as 1H RSI hits extreme overbought 87.84
- —Daily RSI14 sits at 74.27, while 1H RSI14 reaches an extreme 87.84
- —Crypto market cap climbed 3.48% in 24 hours to roughly $2.94 trillion
- —Bitcoin dominance holds at 59%, Fear & Greed Index reads 70
- —Pivot resistance at $88,997, key support at $82,834
Why it matters: Extreme overbought conditions on the hourly chart raise the risk of a sharp pullback, though the daily trend stays bullish while $82,834 holds.
Source: The Cryptonomist