Bitcoin Market Update: Bullish or Bearish? đš
Bitcoin is currently trading at $95,568, marking a 0.58% decline in the past 24 hours. The Crypto Fear & Greed Index sits at 47 (Neutral), showing indecision in the market.
đ Bearish Signals:
Bitcoinâs NVT ratio is at a 5-month high, signaling possible overvaluation.Market froth is increasing, with speculative trading in meme coins and high options volume, hinting at a possible correction.
đ Whatâs Next?
If BTC holds above $95K, we could see a bounce. However, if selling pressure increases, a further dip below $95K is possible.
đ Your Move? Stay cautious, watch key support levels, and prepare for volatility!
đ Whatâs your Bitcoin strategy? Bullish or Bearish? Drop your thoughts below! đđ„