Bitcoin Stalls Below $89K — Is a Sell-Off Next?

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Bitcoin faces "overbought" stochastic RSI conditions while the 200-day exponential moving average swats price down after it sets fresh April highs.

Bitcoin traders see a BTC price reversal beginning as classic resistance stops bulls in their tracks.

200-day moving average keeps BTC price pinned

Having found strength at the start of the week, Bitcoin raised hopes of a gold copycat move as the latter set multiple all-time highs.

Those highs continued on April 22, while BTC price action conversely saw rejection at the key 200-day simple moving average (SMA).

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