BTC 65,600 - Fear & Greed 13, EXTREME FEAR! Is This the Bottom?
Guys, the market has shaken everyone up again. Bitcoin is around 65,600. It’s now 48 percent below its ATH of 126K.
Today's Update:
BTC: 65,600 (-4.1 percent in 24h)
ETH: 1,854 (-4.6 percent)
SOL: 78.19 (-4.3 percent)
Fear & Greed Index: 13 / 100 - EXTREME FEAR, it was 20 yesterday
RSI: 24 - Deep in oversold territory
BTC Dominance: 58.7 percent
Total Market Cap: 2.25 Trillion
What Happened?
The odds of a Fed rate hike in December have now reached 89 percent
Outflows from BTC ETFs continue unabated
There were $1.6 billion in liquidations in 24 hours, 90 percent of them longs
Nvidia crash + Strategy removed from the index
Key Levels:
Support: 65600 | Then 62000
Resistance: 68000 - 70000 | Then 72645
If 65600 breaks too, the next level is 62K.
But Remember:
History shows that when Fear reaches 13, it's the final stage of capitulation. The bottom formed at Fear 5 in February, and at 11 in July. Smart people make plans during Extreme Fear.
Don't sell in a panic, and stay away from leverage. This is a time for patience.
What do you think? Is this the bottom, or will it go to 62K? Tell us in the comments
Not financial advice. DYOR.
#BTC #bitcoin #CryptoNews #BinanceSquare
