š„ $BTC On the brink of $75,000āand what will happen after Binanceās $6.3 billion hack!
Everyoneās scared right now, and the Fear Index is only at 30! š±
$BTC dropped from $80,000 to $77,400 in 48 hours after news of the biggest hack in crypto history.
My personal analysis:
The most likely scenario according to the chart:
1ļøā£ One last drop to $75,000ā$75,718 this week (the weekly support zone)
2ļøā£ Then a strong rebound toward $78,100ā$80,000 before the US election on Tuesday
Why?
- The 50-day moving average is rising on the 4-hour timeframe = buyers are still around
- Thereās a positive Bullish Divergence in the last 14 candles = a reversal may be near
- Every time fear drops to 30, a week later$BTC it rebounds 5ā7%
My prediction:
š A quick drop to $75K
š Then a rise to $78K
Are you selling now out of fear of the hack, or buying at $75K?
Write your opinion below š and letās see who wins!
$BTC
Everyoneās scared right now, and the Fear Index is only at 30! š±
$BTC dropped from $80,000 to $77,400 in 48 hours after news of the biggest hack in crypto history.
My personal analysis:
The most likely scenario according to the chart:
1ļøā£ One last drop to $75,000ā$75,718 this week (the weekly support zone)
2ļøā£ Then a strong rebound toward $78,100ā$80,000 before the US election on Tuesday
Why?
- The 50-day moving average is rising on the 4-hour timeframe = buyers are still around
- Thereās a positive Bullish Divergence in the last 14 candles = a reversal may be near
- Every time fear drops to 30, a week later$BTC it rebounds 5ā7%
My prediction:
š A quick drop to $75K
š Then a rise to $78K
Are you selling now out of fear of the hack, or buying at $75K?
Write your opinion below š and letās see who wins!
$BTC
