Bitcoin afternoon check. The morning's low did not hold — and then something interesting happened.
$BTC is at $63,943, down -4.9% in 24 hours. The low of the day is now $62,006, not $63,320. 24h volume is $2.53B.
Here is what the hourly chart shows:
$63,320 broke in the morning, and price fell fast to $62,006
Then buyers stepped in hard — one hour later it was back at $65,111
Since then it has drifted back down to $63,943, sitting just above $62,000 again
The weekly close comes early Monday morning, Japan time. Bitcoin is sitting about $5,600 under its 200-week average near $69,555. A weekly close this far under that line is not a small thing.
If $62,006 gives way again, $60,000 is the next big round number everyone is watching
If $62,006 holds into the close, the weekend has a floor — not a recovery, just a floor
Fear and Greed is at 10 now. Extreme Fear, and deeper than this morning's 13.
The low broke, buyers answered, and now we wait for the close. Are you watching the low, or the close?
#Bitcoin #BTC #Crypto
Not financial advice.
$BTC is at $63,943, down -4.9% in 24 hours. The low of the day is now $62,006, not $63,320. 24h volume is $2.53B.
Here is what the hourly chart shows:
$63,320 broke in the morning, and price fell fast to $62,006
Then buyers stepped in hard — one hour later it was back at $65,111
Since then it has drifted back down to $63,943, sitting just above $62,000 again
The weekly close comes early Monday morning, Japan time. Bitcoin is sitting about $5,600 under its 200-week average near $69,555. A weekly close this far under that line is not a small thing.
If $62,006 gives way again, $60,000 is the next big round number everyone is watching
If $62,006 holds into the close, the weekend has a floor — not a recovery, just a floor
Fear and Greed is at 10 now. Extreme Fear, and deeper than this morning's 13.
The low broke, buyers answered, and now we wait for the close. Are you watching the low, or the close?
#Bitcoin #BTC #Crypto
Not financial advice.