Bitcoin hits $119.5K but RSI warns a BTC price pullback is next

Bitcoin is due to halt its gains to consolidate, thanks to leading price indicators becoming “overbought,” the latest analysis reports.

Key points:

Bitcoin may have topped out at $119,500 as price indicators flip “overbought.”

Traders eye a support retest to consolidate its latest rebound, which is nearing 10% in a week.

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