BTC Faces Strong Rejection! Weekend Volatility Ahead? GM, for the candle close on the 5th, there was a strong rejection from the orange zone area 56507 - 53046, as I mentioned previously. The Fear and Greed index is at 26 (fear), and the Stoch RSI is entering the oversold area.
We are now entering the weekend, where the market typically has low volume. BTC's price action suggests a potential further decline, possibly sideways within the orange zone 56507 - 53046, but a retest to 57K++ is also possible.
As long as the Fear and Greed index is in the fear zone, it's a good time to accumulate BTC. But let's see and keep in mind that the market is dynamic. Don't be FOMO, stay safe, keep calm, always maintain risk, and that’s it for today's crypto update.
I’m Akki, one chart at a time.
Sekilascrypto
BTC Plummets to 56K! More Drops Ahead?GM crypto bro's, this morning BTC dropped significantly, continuing the strong bearish sentiment seen in recent days, bringing BTC down to the 56K area as I mentioned previously.
The Fear and Greed index has returned to the fear zone at 29, while the Stoch RSI shows a decline from the overbought area and is moving toward the oversold area.
My personal outlook suggests another drop into the orange zone area of 56507 - 53046, especially as we approach the weekend, which typically sees lower volume. However, if a pump occurs, it might only reach the yellow zone around 60K++.
But let's see and keep in mind that the market is dynamic. Don't be FOMO, stay safe, keep calm, always maintain risk, and that’s it for today's crypto update.
I’m Akki, one chart at a time.
BTC Breaks Below 60K: More Drops Ahead?GM Bitcoin, this morning BTC remains quite bearish, even breaking below 60K. The Fear and Greed index is at 44 fear, and the Stoch RSI is showing potential to exit the overbought area.
In the H4 timeframe, there is a possibility of retesting the 61223 area, although the potential is small. However, BTC breaking 60K has increased the likelihood of dropping to the orange zone between 56507 - 53046.
But let's see and keep in mind the market is dynamic. Don't be FOMO, stay safe, keep calm, always maintain risk, and that's it for today's crypto update.
I’m Akki, one chart at a time.
BTC Sideways or Surge?GM, the candle close on the morning of July 2nd is quite bearish. The Fear and Greed index is at 50 neutral, and the Stoch RSI is still in the overbought area. Looking at the current BTC chart, there is potential for a slight correction around the 62500 - 61200 area as I mentioned in yesterday's market update.
My personal outlook suggests that the Fear and Greed index might turn to greed first, followed by BTC price moving sideways with an upward trend, possibly reaching 64K++.
But let's see if it plays out as I mentioned or not. Keep in mind this is just my personal opinion and outlook. Don't be FOMO, stay safe, keep calm, always maintain risk, and that's it for today's crypto update.
I’m Akki, one chart at a time.
BTC Correction Imminent? GM, the candle close this morning for July 1st faced strong rejection even before reaching 64K. The Fear and Greed index is at 51 neutral, and the Stoch RSI is entering the overbought area.
When the Stoch RSI enters the overbought area, a correction is likely. The current BTC chart shows potential for a slight correction to the 62500 - 61200 area.
But let's see and keep in mind that the market is dynamic. Don't be FOMO, stay safe, keep calm, always maintain risk, and that's it for today's crypto update.
I’m Akki, one chart at a time.
BTC Bullish Signs: Will It Retest 66K?GM, happy weekend! BTC's closing on the 22nd was slightly bullish, although not very strong. The stoch RSI this morning is still in the oversold zone, while the fear and greed index has risen to 55 (greed).
Looking at the price action, the bearish double top pattern has reached its target. A retest of the yellow zone at 66332 - 68889 would be normal, and the potential for a drop to the red zone at 60184 is diminishing.
My personal scenario for BTC is a retest of the yellow zone in the near future. Again, don't be FOMO, stay safe, keep calm, always manage your risks, and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
Will BTC Hold Above 60K? Weekend InsightGM, the candle close on the 21st was still quite strongly bearish as I mentioned previously, causing the fear and greed index to drop to 53 with a neutral status this morning. The stoch RSI is still in the oversold area.
In terms of price action, there is a small chance for BTC to continue its correction to the red zone around 60K. However, considering it's now the weekend, which typically has low volume, and there has been a lot of good news recently for BTC and ETH.
My personal outlook is that BTC will remain bearish for now since the price is struggling to break through the orange zone at 64865 - 63261. Additionally, the fear and greed index has not yet reached the fear zone, but the market is dynamic. Let's see how the market makers paint the chart.
Again, don't be FOMO, stay safe, keep calm, always manage your risks, and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
Will BTC Drop to 63K? Weekend OutlookGM, BTC is still quite strongly bearish this morning after retesting the 66K area as I mentioned previously. This morning, the stoch RSI is still in the oversold area, while the fear and greed index has increased to 63, still in the greed zone.
My personal outlook is that there's a big possibility for BTC to drop back to around 63K. While the chance for a deeper drop to the red zone at 60K is small, it can't be ruled out.
Soon we'll be entering the weekend, which we know typically brings a bearish trend with low volume.
Again, don't be FOMO, stay safe, keep calm, always manage your risks, and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
BTC Pumping Slowly: Will It Test 66K?GM, BTC is starting to pump little by little this morning after a bearish close on the 19th. On the daily timeframe, the stoch RSI is still in the oversold zone, while the fear and greed index has dropped back to 60 from yesterday's 64, but it remains in the greed condition.
On the H4 timeframe, I see potential for testing around 66K, as mentioned in yesterday's update. My prediction is there might be another drop around this area, considering the fear and greed index is still in the greed zone, which means market makers could dump it further until it enters the fear zone.
Again, don't be FOMO, stay safe, keep calm, always manage your risks, and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
BTC Enters Orange Zone: What's Next?GM crypto bro's, the candle on the 18th finally entered the orange zone area at 64865 - 63261 as I mentioned before. The stoch RSI remains in the oversold area, and the fear and greed index has dropped significantly from 71 to 64.
Currently, BTC has the potential to pump up to 66K on the H4 timeframe, while on the daily it might reclaim the 68K area. But since we are nearing the end of the month and the weekend is approaching, there's a big possibility that it will just move sideways with a downtrend bias.
With the fear and greed index at 64 (greed), the market makers might drop it further until it reaches the fear status, and then a massive big pump will happen. For those looking to scoop up altcoins, now is the time to start accumulating.
Be greedy when others are fearful and fearful when others are greedy.
Again, don't be FOMO, stay safe, keep calm, always manage your risks, and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
BTC Correction Deepens: What’s Next?GM, the market has seen a significant correction today, including BTC. This morning, the fear and greed index is at 74 (greed), up from yesterday's 71. Meanwhile, the stoch RSI remains in the oversold area.
Overall, the outlook remains the same as yesterday: there's still a probability of a dump into the 64865 - 63261 area, but always remember, the market is dynamic.
Again, don't be FOMO, stay safe, keep calm, always manage your risks, and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
BTC Low Volume Bearish: Next Move Imminent?GM, this morning BTC is still showing low volume and is bearish on the H4 timeframe. The fear and greed index remains at 71 (greed), while the stoch RSI is still in the oversold area.
My personal opinion remains the same as yesterday's: there may be a dump into the orange zone area at 64865 - 63261, followed by a pump breaking through the yellow zone towards the initial target of 76K. But always remember, the market is dynamic, and unexpected things can happen.
In the market, it's a psychological game; impatient people will lose to the patient, but even the patient will lose to those who are more patient.
As I always say, don't be FOMO, stay safe, keep calm, always manage your risks, and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
Weekend Low Volume: BTC's Next Move?GM, as usual, the market this weekend tends to have low volume. The stoch RSI is still in the oversold area, and the fear and greed index has decreased to 71 but remains in the greed zone. Technically, there's still a possibility for the price to dump into the orange zone area at 64865 - 63261, as mentioned before.
Again, don't be FOMO, stay safe, keep calm, always manage your risks, and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
BTC's Weekend Woes: Pump or Dump Ahead?GM crypto bro's, sorry for no BTC update on the 14th due to busy real-life work.
Alright, continuing with BTC, this morning it's still quite bearish. Yesterday's candle on the 14th was strongly bearish and almost entered the orange zone area at 64865 - 63261. However, the fear and greed index is at 74 (greed), while the stoch RSI has entered the oversold area.
As usual, it's the weekend, which typically means low volume in the market. My personal opinion is there's a 60% chance for a pump without entering the orange zone area and a 40% chance for BTC to dump into that area.
Again, don't be FOMO, stay safe, keep calm, always manage your risks and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
BTC's Next Move: Major Drop or Bullish Surge?GM crypto bro's, this morning's BTC close on the 12th was quite bullish but also faced significant rejection. From a technical analysis perspective, the stoch RSI has touched the oversold area, while the fear and greed index has decreased from 72 to 70.
However, the fear and greed index status is still in the greed zone, indicating a big possibility for BTC to be dropped again by market makers. The potential drop might be around the orange zone of 64865 - 63261, as I mentioned earlier.
But keep in mind, the market is dynamic, and even experienced people can fail in their predictions or technical analyses.
Again, don't be FOMO, stay safe, keep calm, always manage your risks and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
BTC's Double Top Validated: Is Another Drop Coming?GM, BTC's price really dropped as I warned days ago. The stoch RSI is dropping deeper and entering the oversold area, but the fear and greed index is still at 72 (greed).
My personal outlook is that there might be one more drop for BTC because the double top is valid. The potential drop target is around 64865 - 63261. If the fear and greed index drops from greed to fear, that might be when the pump will happen again.
For the pump, as I mentioned before, the target is around 76K.
Again, don't be fomo, 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.
BTC's Pattern Dilemma: Double Top or Cup and Handle?GM, BTC is still trending sideways today. The fear and greed index is currently at 74, up from yesterday's 72, while the stoch RSI has declined but hasn't yet entered the oversold area.
BTC's price appears to be forming a double top pattern as mentioned yesterday. However, from another perspective, BTC also shows signs of forming a cup and handle pattern, which is a bullish pattern. If this pattern is valid, it increases the chances for BTC to pump to the 76K area.
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.
BTC's Battle Continues: Break 71800 or Risk Double Top Drop?GM crypto bro's, the weekend is over, it's time to battle in the market again. The candle close on the 9th was slightly bullish, but if the price still can't break through 71800++, the double top pattern continues to threaten BTC with a deeper drop.
The stoch RSI this morning is approaching the oversold area, and the fear and greed index has started to drop to 72 greed from yesterday's 75 greed. Let's see where the market makers will take the market.
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.
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.
BTC Faces Strong Bearish Close: Drop to 67K Before a Pump to 76KGM, the candle close on the 7th this morning was quite strong bearish, plus we've entered the weekend where the market tends to be low volume. The stoch RSI has started to drop from the overbought area on the daily timeframe, and the fear and greed index is currently at 72, indicating greed.
My personal outlook for BTC shows potential for another drop, maybe around the 67K - 66K area. However, there's still a possibility for a pump back up to the 76K area afterward.
Don't be FOMO, 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.
BTC Sideways Over the Weekend: Correction to 69600 or Push to 76GM, crypto bros. As mentioned yesterday, BTC will likely move sideways. Technical analysis is showing price rejection over the past two days, and it's common for market volume to be low during weekends, leading to sideways movement.
So, where is BTC heading?
Looking at the fear and greed index, we're still in the extreme greed zone, while the stoch RSI has entered the overbought area. This could indicate a potential correction for BTC, possibly around 69600.
However, my personal target remains 76K. Don't FOMO, 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.
BTC Faces Rejection at 71800: Correction Ahead or Another Pump?GM, crypto bros. Yesterday's candle close on the 5th was still quite bullish, but there is some price rejection around 71800. Maybe today we'll see a bit of a correction. The stoch RSI on the daily timeframe is starting to enter the overbought area, indicating a possibility for BTC to correct. The fear and greed index is at 78, extreme greed, increasing the potential for a correction. Overall, my personal target price remains at 76K.
But keep in mind that the market is dynamic; we could still see a strong pump today, beyond analysts' predictions. Remember, in the market, our true opponent is our own ego.
Don't FOMO, 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.
BTC Pump with Strong Volume: Will It Reach 76K?GM, nice pump for BTC this morning. The stoch RSI has successfully exited the oversold area, and BTC's price pump is accompanied by good volume. However, the fear and greed index is still in the greed zone, now at 75, up from 73 yesterday, indicating there is still potential for market makers to drop BTC's price again.
But technically, my personal outlook is that BTC will slowly move sideways around the 72K - 73K area and then continue to pump to our initial target of 76K.
Don't FOMO, 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.