Bitcoin is at 68,946 dollars after the 67,555 low. Reclaim 70,000, or slide to 65,000? 🤔
CoinGecko data checked at 23:00 PKT puts Bitcoin near 68,946 dollars, down 4.10 percent in 24 hours, inside a 30 minute range of 67,922 to 71,991 dollars, with recent closes at 68,575, 68,824, 68,621, 68,639 and 68,640 dollars. 📈 Fear and greed still sits at 20, extreme fear, and ETF outflows have run six straight days, so the market is scared and under owned by institutions at the same time. My reading is that the weekend decides the next leg, because a close back above 70,000 with volume says the flush is done, while a loss of 67,500 opens the door to 65,000 fast, where analysts already warn the next support sits.
Does Bitcoin reclaim 70,000 this weekend, or does it roll over to 65,000 first? 🤔
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