Bitcoin’s price may have peaked at $119,500 as indicators suggest it is “overbought.” Traders anticipate a support retest after a 10% rebound in a week. Inflows of $1.6 billion in three days push IBIT into the top 20 ETFs. RSI signals a short-term pullback for Bitcoin, with potential to reach $124,000.

Read more at Cointelegraph: Bitcoin Four-Hour RSI Flips ‘Overbought’ in BTC Price Retracement Signal