Cryptocurrencies
Bitcoin Reaches Overbought Territory After Piercing $13,000 Mark
- Largest cryptocurrency surged after PayPal embraced digital
- Relative Strength Index at level reached before last downturn
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Bitcoin appears to be a bit overheated.
After surging past $13,000 on Wednesday for the first time in more than 14 months, price charts followed by technical analysts suggest the largest cryptocurrency may be due for a pause in the wake of the exuberance triggered by the announcement that PayPal Holdings Inc. will let customers use cryptocurrencies.