BTCUSD Hits 69K! Next Stop 76K or Back to 62K?
GM guys, BTC market update this morning shows the fear and greed index at 71, indicating greed, and the stoch RSI seems to be heading back into the overbought area. Last night, BTC finally hit 69K and showed a strong rejection from that area.
However, looking at the chart this morning, there's a small potential for BTC to return to 69K and continue rising to our long-term target of 76K. The probability of this happening is around 40%, while there's a 60% chance BTC will retest around the 62K area.
Keep in mind the market is dynamic. Don't be FOMO, stay safe, keep calm, always maintain risk, and as always, that's the crypto update for today.
I'm Akki, one chart. Have a nice day.
However, looking at the chart this morning, there's a small potential for BTC to return to 69K and continue rising to our long-term target of 76K. The probability of this happening is around 40%, while there's a 60% chance BTC will retest around the 62K area.
Keep in mind the market is dynamic. Don't be FOMO, stay safe, keep calm, always maintain risk, and as always, that's the crypto update for today.
I'm Akki, one chart. Have a nice day.
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