BTC Faces Rejection at 71800: Correction Ahead or Another Pump?
GM, crypto bros. Yesterday's candle close on the 5th was still quite bullish, but there is some price rejection around 71800. Maybe today we'll see a bit of a correction. The stoch RSI on the daily timeframe is starting to enter the overbought area, indicating a possibility for BTC to correct. The fear and greed index is at 78, extreme greed, increasing the potential for a correction. Overall, my personal target price remains at 76K.
But keep in mind that the market is dynamic; we could still see a strong pump today, beyond analysts' predictions. Remember, in the market, our true opponent is our own ego.
Don't 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.
But keep in mind that the market is dynamic; we could still see a strong pump today, beyond analysts' predictions. Remember, in the market, our true opponent is our own ego.
Don't 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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