đȘ#BITCOIN : We are 3 days away from another weekly close on BTC, and my-oh-my, what a week it has been. BTC has surpassed the previous targets of $44k & $50k, and currently, it is testing the $52k range. By far, BTC has managed to reach $52.8k, close to the tip of the resistance level ($53k). What's next? Are we going to see BTC at $60k? Well, it would be no surprise to see BTC at $60k, but first, it has to break out the current resistance, meaning BTC must close above the $52k-$53k resistance either on the daily or weekly chart. Unless we see this happening, there are chances of rejection/correction in BTC. The RSI is hovering at the overbought zone, which itself is a red alert, and the fear & greed index has been in greed for the last 30 days.
It is always good to keep positive thinking, but a little prevention for the negative impact is way better. More updates on BTC will flow in once we see any changes in the price.
