BTC Faces Deep Drop: Sideways Action Ahead
GM Crypto Bro's, the market is heating up again this morning! The fear and greed index is at 30 (fear), while the stoch RSI has dropped significantly from its overbought area.
BTC’s correction followed exactly as predicted in my market update from two days ago, but the drop was deeper than expected, even touching the 58K-57K range. So, what’s next?
In terms of price action, BTC may now move sideways with some pump and dump within the 60K-62K range. However, based on current data, there’s a significant potential for a strong rise next month.
But as always, keep in mind that the market is dynamic—don’t fall into FOMO, stay safe, keep calm, and remember that anything can happen in the crypto market. Always manage your risks, and that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
BTC’s correction followed exactly as predicted in my market update from two days ago, but the drop was deeper than expected, even touching the 58K-57K range. So, what’s next?
In terms of price action, BTC may now move sideways with some pump and dump within the 60K-62K range. However, based on current data, there’s a significant potential for a strong rise next month.
But as always, keep in mind that the market is dynamic—don’t fall into FOMO, stay safe, keep calm, and remember that anything can happen in the crypto market. Always manage your risks, and that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.