MELNOM

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? 🤔

#BTC #bitcoin #crypto