BTC Plummets to 56K! More Drops Ahead?
GM crypto bro's, this morning BTC dropped significantly, continuing the strong bearish sentiment seen in recent days, bringing BTC down to the 56K area as I mentioned previously.
The Fear and Greed index has returned to the fear zone at 29, while the Stoch RSI shows a decline from the overbought area and is moving toward the oversold area.
My personal outlook suggests another drop into the orange zone area of 56507 - 53046, especially as we approach the weekend, which typically sees lower volume. However, if a pump occurs, it might only reach the yellow zone around 60K++.
But let's see and keep in mind that the market is dynamic. Don't be FOMO, stay safe, keep calm, always maintain risk, and that’s it for today's crypto update.
I’m Akki, one chart at a time.
The Fear and Greed index has returned to the fear zone at 29, while the Stoch RSI shows a decline from the overbought area and is moving toward the oversold area.
My personal outlook suggests another drop into the orange zone area of 56507 - 53046, especially as we approach the weekend, which typically sees lower volume. However, if a pump occurs, it might only reach the yellow zone around 60K++.
But let's see and keep in mind that the market is dynamic. Don't be FOMO, stay safe, keep calm, always maintain risk, and that’s it for today's crypto update.
I’m Akki, one chart at a time.
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