- BTC/USD is back below $5,000 amid technical correction.
- The RSI implies that more sell-off is in store.
Bitcoin (BTC) is changing hands close to $4,900 at the time of writing. The first digital asset retraced from the intraday high reached at $5,089. While the coin is still 10% higher from this time on Tuesday, the market seems to be entering a correction phase as many digital assets are seeing intraday losses as they move from an overbought territory.