“The Fear And Greed Index Has Improved From A Record Low of 15 Last Week to 31 at the Time of Writing.”, – WRITE: www.fxempire.com
Meanwhile, The Macd’s Histogram Has Been Posting IncreASINGly Higher Positive Readings in the Past Five Days as Well.
On the Other Hand, A Second Breakout Below The $ 80,000 Level Will Likely Result in A Retest of Btc’s Nearest Support At $ 74.400. Now that most pending orders at that level have been filled, this Support Area is Weaker than Was Last Week.
Selling Pressure at Current Levels Sems High As Shown by Bitcoin’s Outstanding Large Orders. Data from Coinglass Shows A Significant Volume of Sales AROUND The $ 84,000 – $ 86,000 Area As BTC Tags this Key Resistance.
Meanwhile, Buying Interest at AT AT AUND $ 75,000 is not as strong as it was in the previous weeks and this raises of the Odds of a Bearish Breakout. The NEXT FEW SESSIONS WILL BE CITICAL AS BTC HOVERS AND TOUCHES THESE Key Price Levels.
BTC struggles to climb above $ 86k In a Lower Time Frame (1 Hour), We Can Already See btc struggling to Clear the $ 86,000 as there is strong selling pressure at this level. Bulls Already Failed to Push the Price Above this Level Once and the Resulting Decline Managed to Reverse The Token’s Uptrend.