Bitcoin BTC price is near a critical point, what next?
Updated
The BTC price has updated the high of 2023-2024 and is now at a critical point.
The Fear and Greed Index is 79, the highest since 2021.
Optimism in the market is off the charts and it is alarming.
Above, there is a target of $53600 - the level at which the GAP will close from 2021.
The bottom target is $32700, which does not look realistic now, but anything is possible in the crypto market.
There is no signal for a short yet, everything is still growing by inertia.
However, you should be careful with longs and tighten your stops as your asset grows, so as not to give away your profits to the market.
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The Fear and Greed Index is 79, the highest since 2021.
Optimism in the market is off the charts and it is alarming.
Above, there is a target of $53600 - the level at which the GAP will close from 2021.
The bottom target is $32700, which does not look realistic now, but anything is possible in the crypto market.
There is no signal for a short yet, everything is still growing by inertia.
However, you should be careful with longs and tighten your stops as your asset grows, so as not to give away your profits to the market.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Note
The BTCUSDT price is approaching $53600 to close the last GAP since the 2021 drop.Do you think buyers will succeed?
Note
The BTCUSDT price fell a little short of filling the GAP from 2021.Do you think BTC will consolidate above $53500 this week, or is this the beginning of a correction to at least BER:33K?
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