BTCUSD Approaching Accumulation Zone – Fear Dominates, Oversold
GM crypto bro's, this morning the Fear and Greed Index remains in the fear zone, sitting at 37, and the Stoch RSI has entered the oversold area.
The candle close on the 2nd has not managed to break above 62K. However, this doesn’t mean the potential for 69K is off the table. Given the price action and the current Fear and Greed Index, now might be a good time for accumulating more Bitcoin.
The market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
The candle close on the 2nd has not managed to break above 62K. However, this doesn’t mean the potential for 69K is off the table. Given the price action and the current Fear and Greed Index, now might be a good time for accumulating more Bitcoin.
The market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
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