From the MFI indicator, BTC is at the highest overbought level since December 2017

According to CoinDesk analysis, from the perspective of MFI indicators, Bitcoin is at the highest overbought level since December 2017. Bitcoin's MFI index on the three-day chart has risen to 86.00, the highest level since late 2017, when the price reached an all-time high of $ 20,000. (Note: The MFI is a dynamic indicator that includes both price and trading volume. Readings above 80 indicate an overbought state).