Hey crypto fam! 👀 Here’s my take on $BTC today:
📊 CURRENT PRICE: ~$66,512.70 USD (down 0.82% in 24h, with a range between $65,883 and $68,339)
✅ Why I think it could RISE:
- There are bullish divergence signals on the charts (RSI in neutral zone and price movements suggesting a reversal).
- Whales moved ~$4.7 billion in BTC to cold storage last week – looks like they’re accumulating.
- JPMorgan sees support around $77k and is optimistic for the rest of the year.
⚠️ But there are also DOWNSIDE risks:
- It’s been in a downward trend for 30 days (down 28.6%).
- The Fear & Greed Index is at 11 (extreme fear), so more selling pressure could come.
- The 200-day SMA has been falling since January, showing long-term weakness.
$BTC 1-MONTH CANDLES
My personal take: I think we might see a small correction to $65k as support first, but then break upwards – especially if regulations clear up and ETFs keep seeing inflows.
What do you guys think? Are you ready to trade now or wait and see? 🤔