BTCUSD: Wild Swings - 62K Hit, Next Target 69K or 76K?
GM guys, last night BTC dropped significantly to around the 62K area and then immediately pumped back to the 65K area. This morning, the fear and greed index is at 57 (greed), while the stoch RSI is still in the oversold area.
As I mentioned before, the 62K target was hit last night around 12:00. The next target is to retest the 69K area, with an 80% chance of breaking through to 76K and a 20% chance of BTC continuing to drop to the 60K area.
But keep in mind the market is dynamic. Don’t be FOMO, stay safe, keep calm. Remember, nothing is impossible in the crypto market right now. Anything can happen, even the impossible. Always maintain risk, and as always, that’s the crypto update for today.
"What you are fighting in the market is yourself. Because of that, control your emotions to be able to win in this game."
I’m Akki, one chart. Have a nice day.
As I mentioned before, the 62K target was hit last night around 12:00. The next target is to retest the 69K area, with an 80% chance of breaking through to 76K and a 20% chance of BTC continuing to drop to the 60K area.
But keep in mind the market is dynamic. Don’t be FOMO, stay safe, keep calm. Remember, nothing is impossible in the crypto market right now. Anything can happen, even the impossible. Always maintain risk, and as always, that’s the crypto update for today.
"What you are fighting in the market is yourself. Because of that, control your emotions to be able to win in this game."
I’m Akki, one chart. Have a nice day.
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