BTC Eyes 55K, Red Zone in Sight?
GM crypto bro's, it seems the happy weekend is still far away đź—ż with BTC still at risk of another drop. This morning, the Fear and Greed Index is at 29 (Fear), finally moving up a bit after two days in Extreme Fear territory. The Stochastic RSI remains in the oversold area, but a slight uptick might begin tomorrow.
From a price action perspective, BTC might test the nearest level at 55K. However, if it fails to break through, there’s a high chance of a deeper drop. The closest possible red zone is 50K - 48K, and if that breaks too, next station: BTC 44K 💀.
Always hope for the best but prepare for the worst. Let's hope BTC doesn’t dump to 44K 🗿. As always, maintain your risk. That's it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
From a price action perspective, BTC might test the nearest level at 55K. However, if it fails to break through, there’s a high chance of a deeper drop. The closest possible red zone is 50K - 48K, and if that breaks too, next station: BTC 44K 💀.
Always hope for the best but prepare for the worst. Let's hope BTC doesn’t dump to 44K 🗿. As always, maintain your risk. That's it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
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