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BTCUSD Outlook - Heading to 65K Before a Correction?GM crypto bro's, back to this harsh reality. The morning starts with the Fear and Greed Index sitting at 50 in the neutral zone, while the stoch RSI remains in the overbought area.
Today's BTC price action seems reluctant to correct for now, maybe preferring to hit the 65K - 66K range first, considering the Fear and Greed Index hasn't entered the greed zone yet. Usually, there's a higher probability of correction when the market is in greed.
But let’s see how the crypto market mood plays out today. Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
BTCUSD Weekend Outlook - Small Correction Before the Pump?GM crypto bro's, happy weekend! This Sunday morning, the Fear and Greed Index is still chilling in the neutral zone at 52, while the stoch RSI remains in the overbought zone.
Looking at today’s price action, there’s potential for BTC to experience a small correction, maybe down to the 61K - 60K range, before continuing its pump towards our target of 65K - 66K.
Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
BTC Back to Extreme Fear! What's Next?GM crypto bro's, this morning, the fear and greed index is back at 20 (extreme fear) while the stoch RSI remains in the oversold area. Yesterday's candle only reached 57,751; I thought it would go up to 58K, but it didn't.
Currently, BTC has the potential to correct to around the 53K area first, then pump to our initial target of 58K. But as always, the market is unpredictable.
I mentioned the potential correction to 53K before 58K, but it could pump strongly to 58K and then drop to 53K-52K. That's the excitement of the market, so always stay alert, crypto bro's.
Like always, keep in mind the market is dynamic. Don't be FOMO, stay safe, keep calm, and always remember that nothing is impossible in the crypto market. Anything can happen.
Always manage your risks, and as always, that's all for today's crypto update.
I'm Akki, signing off. Have a nice day.