BTC's Next Move: Major Drop or Bullish Surge?
GM crypto bro's, this morning's BTC close on the 12th was quite bullish but also faced significant rejection. From a technical analysis perspective, the stoch RSI has touched the oversold area, while the fear and greed index has decreased from 72 to 70.
However, the fear and greed index status is still in the greed zone, indicating a big possibility for BTC to be dropped again by market makers. The potential drop might be around the orange zone of 64865 - 63261, as I mentioned earlier.
But keep in mind, the market is dynamic, and even experienced people can fail in their predictions or technical analyses.
Again, don't be FOMO, stay safe, keep calm, always manage your risks and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
However, the fear and greed index status is still in the greed zone, indicating a big possibility for BTC to be dropped again by market makers. The potential drop might be around the orange zone of 64865 - 63261, as I mentioned earlier.
But keep in mind, the market is dynamic, and even experienced people can fail in their predictions or technical analyses.
Again, don't be FOMO, stay safe, keep calm, always manage your risks and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
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