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Bitcoin Is Near Overbought Levels – But Glassnode Warns That The Rally Has A Trust Problem

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Bitcoin Is Near Overbought Levels – But Glassnode Warns That The Rally Has A Trust Problem

In its Weekly Market Pulse report, the analytics firm noted that Bitcoin's 14-day Relative Strength Index (RSI) jumped from 50.8 to 66.9, a 31.8% weekly rise that has pushed the asset into overbought territory. However, spot trading volume contracted by 21.5%, falling from $5.2 billion to $4.1 billion.

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