Analysis: The relative strength index indicates that the BTC is overbought, but the BTC has no signs of bullish fatigue.

Bitcoin has grown 165% so far this quarter, the best-performing quarter since the end of 2017. Strong earnings drive the long-term bullish technical side. In addition, although the Relative Strength Index indicates that Bitcoin is overbought, there are no signs of bullish fatigue in the daily, 3-day or weekly chart. According to Bitstamp, Bitcoin is still bullish, with resistance at $11,247 and $1,1394. If the bitcoin price can no longer stay above $11,000, or a small callback to $10,000. If the price is below $9,097 (the high on May 30), the bullish trend will be ineffective.