Bitcoin’s recent performance has created mixed sentiments among investors. After hitting a remarkable high of $107K, Bitcoin plunged below $102K in a matter of hours, leaving traders scrambling for clarity on future price movements.

Experts note that the Bitcoin RSI indicates the asset’s momentum is stretched. It has entered overbought territory, which may suggest a brief corrective phase is imminent. However, the overall bullish sentiment remains strong due to continued institutional interest.

As the market responds to these fluctuations, traders must navigate this volatile landscape. Determining whether Bitcoin will encounter a painful correction or surge towards new heights will require market astuteness and awareness of broader economic signals.