‘Overbought’ Bitcoin Drops Below $64,000 As ISM Manufacturing Data Comes Out: 10x Research

“In last week’s report, we briefly noted that BTC appears to be overbought in the near term, as reflected by increased levels in the Greed & Fear index,” Markus Thielen, founder of 10x Research, told CoinDesk.” Current in the short term. Reversal signals have turned bearish, indicating that a pullback is likely in the coming days.”