The world’s most talked about digital currency pulled back early Tuesday, a sign that the latest rally is nearing its end.
After a positive start to the week, bitcoin prices have reversed back toward $5,600 on Tuesday. The BTC/USD exchange rate opened up a nearly $200 trading range on Tuesday.
Bitcoin remains in overbought territory, based on the RSI, with underlying momentum maintained.
Bitcoin’s current price level translates into a market cap of roughly $92.7 billion, according to CoinMarketCap.
That nearly triples the Ethereum blockchain, which is currently valued at $31.2 billion.
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