@vosem
After a quick spurt into the 70k zone, BTC immediately dropped to 65k. Is the market bearish right now?
Let's see🤔
At the moment, BTC is trading at 66.4k. On the way down, the red candles managed to break several KDJ support levels.
So, the main question is: should we expect another fall? At this point, the KDJ oscillator suggests that there is no panic selling among whales and retail investors. Simply put, the current sales volume may not be enough to bring the price down to the 50,000-dump.
The next daily support for KDJ will be at 64.9k. Expect a bounce if the price continues to decline and touches the previously mentioned support zone.
Dips and corrections are normal and desirable in every bull market cycle. Recall a few weeks ago I told you that KDJ's ultimate target was 71,000 and above. That still stands.
Oh, if you've been reading my post for a while and found it useful, SIGN UP.
$BTC $BNB $SOL #binance #Ethereum #Bitcoin #BTC #LEDGER
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