On the chart of Bitcoin (BTCUSD) we can see an overbought condition on a daily timeframe.
The three indicators used are the Bollinger Bands, Relative Strength Index and the Stochastics. All three indicators are indicating an overbought condition.
The price is currently bouncing off a resistance strong resistance. In combination with the information from the indicators, it is likely for the price to decrease within the range until it finds support.