📉 $BTC drops to $71,579 - Is the decline over, or is there more to come?
$BTC now at $71,579.53 🔻 -3.60%
24-hour high: $74,811
24-hour low: $71,255
Trading volume: $895M
What’s happening today, November 12?
Bitcoin broke below the $73,000 support due to:
1- $95M outflow from Bitcoin ETFs yesterday
2- Fears of a U.S. interest rate hike following inflation data
3- RSI is now 28.45 - a dangerous oversold zone!
What do I expect?
The price is now at strong support between $71,200 and $71,500
If it holds above $71,200, we could see a bounce to $73,000
If it breaks below $71,200, God forbid, the next target is $70,000 - $69,500
Fear has reached 28 (Fear) - remember: buy fear and sell greed!
Personally, I don’t sell when there’s fear; I wait for a bounce!
What do you think, guys? Are you buying now or waiting for $70,000? 👇
$BTC $ETH $BNB Card
$BTC now at $71,579.53 🔻 -3.60%
24-hour high: $74,811
24-hour low: $71,255
Trading volume: $895M
What’s happening today, November 12?
Bitcoin broke below the $73,000 support due to:
1- $95M outflow from Bitcoin ETFs yesterday
2- Fears of a U.S. interest rate hike following inflation data
3- RSI is now 28.45 - a dangerous oversold zone!
What do I expect?
The price is now at strong support between $71,200 and $71,500
If it holds above $71,200, we could see a bounce to $73,000
If it breaks below $71,200, God forbid, the next target is $70,000 - $69,500
Fear has reached 28 (Fear) - remember: buy fear and sell greed!
Personally, I don’t sell when there’s fear; I wait for a bounce!
What do you think, guys? Are you buying now or waiting for $70,000? 👇
$BTC $ETH $BNB Card
