BTC Faces Strong Bearish Close: Drop to 67K Before a Pump to 76K
GM, the candle close on the 7th this morning was quite strong bearish, plus we've entered the weekend where the market tends to be low volume. The stoch RSI has started to drop from the overbought area on the daily timeframe, and the fear and greed index is currently at 72, indicating greed.
My personal outlook for BTC shows potential for another drop, maybe around the 67K - 66K area. However, there's still a possibility for a pump back up to the 76K area afterward.
Don't be FOMO, stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
My personal outlook for BTC shows potential for another drop, maybe around the 67K - 66K area. However, there's still a possibility for a pump back up to the 76K area afterward.
Don't be FOMO, stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
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