Although I appreciate all the technical data you shared, I doubt investors haven't bought into it based on its flaws. I still believe that this market has anything with fundamentals based pumps. It's still in its speculative bubble.
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Oh for sure I feel like we have been over bought since 35k - 40k on bitcoin Ethereum would most likely be around the $1,400 level for overbought for me. However this rally has lasted FAR longer than that of 2017 2017 was a rather quick one of a span of around 2-3 weeks if not shorter.
What I do like seeing however are things are being done this time around and use cases are much higher.
BTC will be overbought at over $200,000. It doesn't peak at 2x the past bull cycle ATH. We're not even near the euphoria stage.
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