Market Analysis Bitcoins% rally in October has catapulted the cryptocurrency into short-term overbought territory.
This flashed a counter-trend signal that could lead to choppy trading ahead
The counter-trend exhaustion signal suggests a two-week consolidation phase is in store for bitcoin
This could include a pullback to its cloud support level near $48,000.
That represents short-term downside potential of 16% from current levels
~ @sheldon_crypto
