BTC USD Talks August 23
While PayPal launches crypto buying and selling in the UK, the Bitcoin is reaching 50k and breach it, trading now at 50300 USD for 1 BTC.
The overbought area has been reached and RSI is not now on the btc side. But. I would say that the liquidity of this instrument should grow now, and some investors wish to sell now some BTC that was bought at 30k as well as there are investors who wish to buy now and believe in 60k and 100k further. Thus, I would not say that the impulse should stop now, but I set the target at 51.5k and will wait for temporarily correction after.