Bitcoin’s ‘Overbought’ RSI Hints at BTC Price Dropping to Test $78K

May 8, 2026 - 18:00
Bitcoin’s ‘Overbought’ RSI Hints at BTC Price Dropping to Test $78K
Bitcoin (BTC) traders expect a short-term correction as a key BTC price strength metric rises to its highest levels in almost fifteen weeks. Key takeaways: Bitcoin’s “overbought” RSI historically precedes significant corrections. Bitcoin could see a short-term price drop if the price breaks below the $78,000 support. Bitcoin metrics suggest BTC price is “overheated” Bitcoin’s...

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