Bitcoin risks '10-15%' BTC price dip after key rejection near $89K

Bitcoin faces "overbought" stochastic RSI conditions while the 200-day exponential moving average swats price down after it sets fresh April highs.

Bitcoin (BTC) traders see a BTC price reversal already beginning as classic resistance stops bulls in their tracks.

Data from Cointelegraph Markets Pro and TradingView shows BTC/USD cooling after hitting new April highs of $88,874.

Having found strength at the start of the week, Bitcoin raised hopes of a gold copycat move as the latter set multiple all-time highs.

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