Category: Tether (USDT)

Bitcoin consolidation

Bitcoin is showing signs of a market reversal. Bearish reversal in the overbought RSI and MACD histogram indicate that the market is overbought and is preparing to consolidate. Support is at the 12 SMA, 23.6% fib retracement at $15250, 38.2% fib retracement at $12,400, and the trend line drawn above.