Cryptocurrencies
Bitcoin Faces Technical Hurdle as Libra Steals Crypto Spotlight
- Relative strength index shows coin nearing overbought levels
- Facebook token seen exposing cryptocurrencies to the masses
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While it seems like everyone’s fixated on the Libra cryptocurrency championed by Facebook Inc., Bitcoin aficionados are looking toward the $10,000 mark as the next price hurdle for the largest digital asset.
But a key technical obstacle lie ahead. Bitcoin failed to breach the level when it last approached it in May 2018. In addition, the token’s relative strength index, which identifies general price trends, is nearing overbought levels. The RSI moves between zero and 100 to depict the strength of recent price changes.