Bitcoin Just Went Berserk. Don't Be The Last Buyer

The Bitcoin Overshoot

BTC has exploded higher, and there are good reasons for the move. The dollar impulse, huge inflows and a brutal short squeeze have all helped turn what was a sleepy range into something much more violent.

BTC is already historically overbought, has moved from below to well above the 200-day MA in just a few sessions, and is rapidly approaching the same range highs that have punished breakout chasers repeatedly this year.