The technical reason behind Bitcoins momentum could be due to the fact that its been overbought ,as the trend line suggests in our chart.Its due for a correction to follow the upwards trend from the trend medium price of $55-60,000.
At its trend peak it hit over $70,000.
Now it’s priced at $61,450. A significant 15% in the past 7 days. For the investors that bought at the peak , it represents a steep drop in their portfolio.
Mountain Tech Analysis 
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