Bitcoin's RSI Indicates Potential Pullback After Rally

Bitcoin's daily Relative Strength Index (RSI) reached 70 following a 36% surge to $82,800 from a macro low of $60,000. According to NS3.AI, several analysts suggest that the overbought RSI reading might indicate a short-term pullback. CoinGlass data reveals that a decline below $78,000 could lead to over $3.1 billion in leveraged long liquidations across various exchanges.