#weeklyclosecouldmakeorbreakbitcoin
weeklyclosecouldmakeorbreakbitcoin
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Five red weeks in a row — and this one comes down to a single line on the chart. $BTC is hovering near $75,700, right on top of its 50-week average around $75,500, after Friday's dip to $74,762, the lowest since August 21.
The pressure didn't come from one coin. A sharp tech selloff dragged the whole tape down, and over $1B in leveraged positions got wiped out in a day — $ETH is sitting near $2,232, a 10-week low, and the Fear & Greed index is at 28.
If $BTC holds $75,500 into the weekly close, this looks like a reset rather than a breakdown, with $80,000 the first level to reclaim. Lose it, and analysts are pointing toward $69,000 next. Are you watching this weekly close, or sitting this one out until the tape picks a direction?
#WeeklyCloseCouldMakeOrBreakBitcoin #CryptoMarket #BinanceSquare
Five red weeks in a row — and this one comes down to a single line on the chart. $BTC is hovering near $75,700, right on top of its 50-week average around $75,500, after Friday's dip to $74,762, the lowest since August 21.
The pressure didn't come from one coin. A sharp tech selloff dragged the whole tape down, and over $1B in leveraged positions got wiped out in a day — $ETH is sitting near $2,232, a 10-week low, and the Fear & Greed index is at 28.
If $BTC holds $75,500 into the weekly close, this looks like a reset rather than a breakdown, with $80,000 the first level to reclaim. Lose it, and analysts are pointing toward $69,000 next. Are you watching this weekly close, or sitting this one out until the tape picks a direction?
#WeeklyCloseCouldMakeOrBreakBitcoin #CryptoMarket #BinanceSquare
The pressure didn't come from one coin. A sharp tech selloff dragged the whole tape down, and over $1B in leveraged positions got wiped out in a day — $ETH is sitting near $2,232, a 10-week low, and the Fear & Greed index is at 28.
If $BTC holds $75,500 into the weekly close, this looks like a reset rather than a breakdown, with $80,000 the first level to reclaim. Lose it, and analysts are pointing toward $69,000 next. Are you watching this weekly close, or sitting this one out until the tape picks a direction?
#WeeklyCloseCouldMakeOrBreakBitcoin #CryptoMarket #BinanceSquare
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