Will BTC Drop to 63K? Weekend Outlook
GM, BTC is still quite strongly bearish this morning after retesting the 66K area as I mentioned previously. This morning, the stoch RSI is still in the oversold area, while the fear and greed index has increased to 63, still in the greed zone.
My personal outlook is that there's a big possibility for BTC to drop back to around 63K. While the chance for a deeper drop to the red zone at 60K is small, it can't be ruled out.
Soon we'll be entering the weekend, which we know typically brings a bearish trend with low volume.
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.
My personal outlook is that there's a big possibility for BTC to drop back to around 63K. While the chance for a deeper drop to the red zone at 60K is small, it can't be ruled out.
Soon we'll be entering the weekend, which we know typically brings a bearish trend with low volume.
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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