BTCUSD Chart Technical Outlook Bitcoin rises with all boats, next target $65,133
All boats rise with the tide. The dovish Fed decision has triggered a market party, pushing stocks, Gold, and cryptocurrencies higher.
Bitcoin is up, and somewhat overbought according to the 4h-RSI, which is above 70. Nevertheless, the upbeat mood may send it toward the peak of $65,133 seen in late August. Beyond that point, $67,176 is eyed. Support is at $62,603 and $61,308. The 4h-50 SMA crossed above the 4h-200 SMA, a bullish sign.
