BTC is currently around $50840.
To understand what will go to happen BTC, first, we have to know what is going on it.
BTC has completed a formation and was rising up to give a reaction of the formation. We are following a rising channel from $47k.
So, BTC broke out the trend? should be bearish? In technic analysts, there is no hope or wish. We have to follow indicators and news.
As far as I know, there is no bad news about BTC.
Fear and Greed shows us extreme greed (79). many indicators giving negative signals now.
conclusion;
I am still bearish and I think it is a correlation. But it can be changed. if we break out the support. I will be bearish.
Don't lose your hard-earn money easily
To understand what will go to happen BTC, first, we have to know what is going on it.
BTC has completed a formation and was rising up to give a reaction of the formation. We are following a rising channel from $47k.
So, BTC broke out the trend? should be bearish? In technic analysts, there is no hope or wish. We have to follow indicators and news.
As far as I know, there is no bad news about BTC.
Fear and Greed shows us extreme greed (79). many indicators giving negative signals now.
conclusion;
I am still bearish and I think it is a correlation. But it can be changed. if we break out the support. I will be bearish.
Don't lose your hard-earn money easily