BTC Bullish Signal? But Is Another Drop Coming?
GM crypto bro's, this morning the Fear and Greed index is at 29 (fear), and the Stoch RSI is touching the oversold area. The candle on the 6th was quite bullish, which may indicate that BTC is retesting the yellow zone area around 60K++, as I mentioned yesterday.
However, this does not mean BTC will only go up and won't re-enter the orange zone area of 56507 - 53046. As long as BTC cannot break through to 64K++, the potential for a drop still looms.
As long as the Fear and Greed index is in the fear zone, it means we are still in a good area to accumulate BTC. But let's see and keep in mind that the market is dynamic. Don't be FOMO, stay safe, keep calm, always maintain risk, and that’s it for today's crypto update.
I’m Akki, one chart at a time.
However, this does not mean BTC will only go up and won't re-enter the orange zone area of 56507 - 53046. As long as BTC cannot break through to 64K++, the potential for a drop still looms.
As long as the Fear and Greed index is in the fear zone, it means we are still in a good area to accumulate BTC. But let's see and keep in mind that the market is dynamic. Don't be FOMO, stay safe, keep calm, always maintain risk, and that’s it for today's crypto update.
I’m Akki, one chart at a time.
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