Good morning, Alkalites! Bitcoin is still trading with a fear sentiment. We have seen BTC reaching the $39k area today.
Fear and Greed Index is currently at fear levels. At the same time, Bitcoin is flowing further down as it is not filling big orders. Most volume is from retail activity.
Our last Order Book analysis is still valid, so our recommendation is to stay strong until that structure is broken. If this bear run continues, we may face a crypto winter.
Bitcoin has also interacted with the 200 Daily Moving Average. If it doesn’t support today’s close, every technical analysis approach will be bearish from now. After that, Bitcoin holders could only rely on fundamental moves.
We also provide you with more information on our Telegram Channel. Stay tuned!
Keep your profits safe, Alkalites.
Fear and Greed Index is currently at fear levels. At the same time, Bitcoin is flowing further down as it is not filling big orders. Most volume is from retail activity.
Our last Order Book analysis is still valid, so our recommendation is to stay strong until that structure is broken. If this bear run continues, we may face a crypto winter.
Bitcoin has also interacted with the 200 Daily Moving Average. If it doesn’t support today’s close, every technical analysis approach will be bearish from now. After that, Bitcoin holders could only rely on fundamental moves.
We also provide you with more information on our Telegram Channel. Stay tuned!
Keep your profits safe, Alkalites.
Comment:
MA is being recovered
