Bitcoin Daily Analysis 30th August - Key retest points
There is currently alot of fear and uncertainty in the market with the greed and fear index at 34 simulating market sentiment of fear.
This is because of the failed break through of the 63k resistance. However to get there first bitcoin must break through the 60.4k and 61k resistance levels which at the moment are posing a huge problem as bitcoin surges back below 60k.
In the short-term we can see a re-test of the 60k-61k levels before either going on a bull run or losing momentum and dipping further perhaps to the 50k psychological support levels.
Thanks for reading and I would always appreciate feedback or if you enjoyed a boost.
This is because of the failed break through of the 63k resistance. However to get there first bitcoin must break through the 60.4k and 61k resistance levels which at the moment are posing a huge problem as bitcoin surges back below 60k.
In the short-term we can see a re-test of the 60k-61k levels before either going on a bull run or losing momentum and dipping further perhaps to the 50k psychological support levels.
Thanks for reading and I would always appreciate feedback or if you enjoyed a boost.
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