BTC could fall to $72K amid overbought conditions, CoinDesk reports

Bitcoin could see a further decline to the $72,000 level after hitting a high of $76,000, its best since Feb. 4, before pulling back to around $73,500, CoinDesk reported. The average Relative Strength Index (RSI) indicates the asset remains in overbought territory. The outlet added, however, that this could be viewed as a consolidation phase following Bitcoin's more than 15% rally from $65,000 since March 8. A rebound in the $72,000 to $74,000 range could establish a new support level and serve as a launchpad for a move toward $80,000.