BTCUSD: Potential Drop to 55K After Reaching 57K
GM crypto bro's, this morning BTC dropped back to the 57K range as I mentioned in yesterday's market update. The Fear and Greed Index also dipped further into the fear zone, dropping to 33 from yesterday’s 39.
The stoch RSI is beginning to move out of the overbought area, and based on today’s price action, there’s another possibility of BTC continuing its decline to the 55K range.
Remember, the market is dynamic. Don’t be FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always maintain your risk. And as always, that’s the crypto update for today. It’s Akki, signing off with one chart, and have a nice day.
The stoch RSI is beginning to move out of the overbought area, and based on today’s price action, there’s another possibility of BTC continuing its decline to the 55K range.
Remember, the market is dynamic. Don’t be FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always maintain your risk. And as always, that’s the crypto update for today. It’s Akki, signing off with one chart, and have a nice day.
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