Bitcoin BTC price decides where to go next

18 Eki

Almost all indicators are at extremely critical and decisive points:
1️⃣ BTC - $68300
2️⃣ BTC.D - 59% and continues to update local highs
3️⃣ USDT.D - 5.25% on the verge of a breakout or rebound upwards
4️⃣ Fear and Greed Index - 73 (greed)

🐳 Blue scenario - a sharp exit from the correction channel and movement towards $77-78k.
💔 Red scenario - correction BTCUSDT to $64000, and maybe even to $ 61k

Vote which scenario you think is more likely.
We will supplement this idea with interesting charts and our own opinion after we have 100+ votes.

8 Kas

İşlem aktif

💰 BTC price has almost reached $77-78k
1️⃣ BTC.D - 59.8% (there is a chance for the beginning of a downward trend and the “return” of capital to the alts)
2️⃣ USDT.D - 4.84% (went into a downward trend and, accordingly, buy crypto for USDT)
3️⃣ Fear and Greed Index - 75 (greed)

Yesterday's speech by Powell was “boring”: we see that everything is according to plan. And frankly speaking, he had no chance to “outperform” the information background associated with Trump's victory.
The next Fed meeting is on 12/18/24 with a forecast of a further rate cut by -0.25%, or maybe even -0.5%.
Until then, it seems that everything should be very positive in the cryptocurrency market, of course, with local corrections