BTC Breaks Below 60K: More Drops Ahead?
GM Bitcoin, this morning BTC remains quite bearish, even breaking below 60K. The Fear and Greed index is at 44 fear, and the Stoch RSI is showing potential to exit the overbought area.
In the H4 timeframe, there is a possibility of retesting the 61223 area, although the potential is small. However, BTC breaking 60K has increased the likelihood of dropping to the orange zone between 56507 - 53046.
But let's see and keep in mind 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.
In the H4 timeframe, there is a possibility of retesting the 61223 area, although the potential is small. However, BTC breaking 60K has increased the likelihood of dropping to the orange zone between 56507 - 53046.
But let's see and keep in mind 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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