‘Bitcoin has gotten a bit overbought,’ says Fundstrat’s Mark Newton

Bitcoin (BTC-USD) has rallied tremendously since the collapse of Silicon Valley Bank, a far cry from the so-called ‘crypto winter’ of late 2022. It’s value is now roughly twice as high as last November’s $16K levels, and speculation over an end, or pause, to the Fed’s tightening cycle is offering an extra tailwind.