Bitcoin: Where Do You Go From Here?

With Bitcoin hitting an all-time high this week, the natural question is does it retreat a bit or keep marching forward?

Bitcoin arguably remains a speculative investment and as such, it's difficult to apply traditional investment metrics. But that won't stop us from at least looking at some of them.

Right now, Bitcoin has an RSI of 72.5 - remember, whenever above 70 it is a signal of being overbought. Since early October, it has been above its 50-day, 100-day and 200-day moving averages. And finally, as the chart below shows, the MACD chart has the signal and line converging - a potential bearish signal. All of these technical indicators say a pullback is in the near term.

But as we know, you cant just tell a freight train to stop on a dime, either.