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whenever word crypto click in your mind the first cryptocurrency that attracted your is non other than $BTC and the reason behind this is straight and simple because whenever BITCOIN sneez it distracted the whole crypto market.
In this time Bhutan government is in news for transferring worth of 33.51 million BITCOIN to Binance. And every body right now is in anticipation that whether BITCOIN is ready for a sharp correction.
If we see the BTC on daily timeframe the RSI is on top and fear and greed index is in extreme greed. Which means BITCOIN is ready for a correction and if it happens then first stoppage will be near about $81500 where 50 SMA is sitting on 4H timeframe. And second stoppage may be $68905 where 50 SMA is sitting on daily timeframe. And the people who are waiting for 50K once again Will be proved wrong in this correction because 150K is destiny.
