BTC Correction After Significant Pump! What's Next?
GM guys, this morning BTC experienced a slight correction after several days of significant pumping. The fear and greed index this morning is at 61, indicating greed, while the stoch RSI is in the overbought area and has the potential to correct out of the overbought zone.
My personal outlook is that BTC has a big possibility of correcting to the area around 62610 - 61368 if the price successfully retests that area, especially considering it's approaching the weekend, which typically has low volume. If the fear and greed index drops to neutral or even the fear zone, there's a big chance BTC will continue its rise to 69K.
However, there is a small possibility for BTC to pump directly from the current price of 64K to 69K. But let's see and 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 have a nice day.
My personal outlook is that BTC has a big possibility of correcting to the area around 62610 - 61368 if the price successfully retests that area, especially considering it's approaching the weekend, which typically has low volume. If the fear and greed index drops to neutral or even the fear zone, there's a big chance BTC will continue its rise to 69K.
However, there is a small possibility for BTC to pump directly from the current price of 64K to 69K. But let's see and 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 have a nice day.
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