BTCUSD Update: Retest 100K or New Moves Ahead?
Good morning, crypto enthusiasts! Today, the fear and greed index remains in extreme greed at 78, while the stochastic RSI has dropped to the oversold area at 9.
In the previous market update, I mentioned the potential for BTC to visit the 93K area. This morning, it dropped to around the 94K price range, which leads me to consider the 93K area invalid. So, where is BTC heading next?
Based on today’s price action, there’s a big probability for a retest of the 100K area. Following this, I see two possible scenarios considering the current extreme greed zone:
A pump to 105K–109K.
A dump to the 90K–85K area.
Stay safe, avoid FOMO, and always manage your risk. That’s all for today’s crypto update. Akki signing off, one chart at a time. Have a nice day and stay SAFU!
In the previous market update, I mentioned the potential for BTC to visit the 93K area. This morning, it dropped to around the 94K price range, which leads me to consider the 93K area invalid. So, where is BTC heading next?
Based on today’s price action, there’s a big probability for a retest of the 100K area. Following this, I see two possible scenarios considering the current extreme greed zone:
A pump to 105K–109K.
A dump to the 90K–85K area.
Stay safe, avoid FOMO, and always manage your risk. That’s all for today’s crypto update. Akki signing off, one chart at a time. Have a nice day and stay SAFU!
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