Bitcoin is seeing some intense strength today, with bulls pushing the cryptocurrency towards $17,000 following a brief bout of weakness earlier this week.
The ongoing uptrend has marked a significant extension of the trend seen throughout the past few months, with bears being unable to gain any ground against bulls as it continues pushing higher each week.
The crypto is now trading at the highest prices seen since its 2017 bull run, with it now just a hair away from setting fresh all-time highs.
This comes as retail mania remains tempered, with mainstream media attention and Google Trends activity both showing that the funds driving this trend are coming from non-retail sources.
One analyst is now pointing to the benchmark cryptocurrency’s RSI indicator for insights into where it may trend next.
He notes that although BTC’s uptrend shows some signs of being overheated at the moment, there’s still a strong possibility that it will see further upside before facing