After a period of hanging on to the $64,000 support, Bitcoin has not only dropped through this, but is currently below the $63,000 support. Will the 0.618 fibonacci level come to the rescue, or is there a further drop to come?
A big swing towards Fear
Source: https://alternative.me/crypto/fear-and-greed-index/
If there wasn’t a lot of fear in the market over the previous week, the Fear and Greed Index is certainly swinging in that direction now. After a long period where the Fear and Greed Index was in the mid 70s of extreme greed, this indicator is now showing a neutral score of 51, which is a 20 point swing from last week.
Serious concerns for price
With all the miners selling, the long term holders taking profits, and the hedge funds employing their “carry trade” to good effect over the last few weeks, the $BTC price has struggled to make any upside movements.
If the price were to get below $60,000 and hold below for any length of time, this would be of very serio
We współpracy z: https://cryptodaily.co.uk/2024/06/bitcoin-btc-loses-64000-support-what-next
