BTC Double Top Threat: Correction to 64K or Breakout Beyond 73K?
GM, the weekend market today tends to be low volume. This morning, the stoch RSI is starting to head towards the oversold area, while the fear and greed index is at 75, indicating greed.
Looking at the daily timeframe, there is potential for BTC to form a double top pattern. If this pattern is valid, it could lead to a correction down to the orange zone at 64846 - 63261. If this happens, it might push the fear and greed index into the fear zone.
However, the possibility for a BTC pump is still there, as BTC has attempted to break through the 71K - 73K range more than three times and has failed so far. If it succeeds, price discovery will happen for BTC.
Stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
Looking at the daily timeframe, there is potential for BTC to form a double top pattern. If this pattern is valid, it could lead to a correction down to the orange zone at 64846 - 63261. If this happens, it might push the fear and greed index into the fear zone.
However, the possibility for a BTC pump is still there, as BTC has attempted to break through the 71K - 73K range more than three times and has failed so far. If it succeeds, price discovery will happen for BTC.
Stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
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