BTC's Next Move: Pump or Dump?
GM crypto bro's, happy working day đź—ż! This morning, the Fear and Greed Index remains in the Fear zone at 26. Stochastic RSI is still in the oversold area but shows signs of forming a double bottom.
With today's weekly closing candle, the likelihood of another BTC dump seems smaller compared to a potential pump. The 55K area has been visited; now we wait for the next move from the market makers.
Next pump possibility is around 60K - 61K, with a potential peak near 62K. However, if BTC drops below 52K, the chances for a pump diminish. As always, maintain your risk! That's it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
With today's weekly closing candle, the likelihood of another BTC dump seems smaller compared to a potential pump. The 55K area has been visited; now we wait for the next move from the market makers.
Next pump possibility is around 60K - 61K, with a potential peak near 62K. However, if BTC drops below 52K, the chances for a pump diminish. As always, maintain your risk! That's it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
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