**Bitcoin Holds Support Amid Market Jitters**
Bitcoin (BTC) managed to maintain short-term support on September 17, despite a dip in overall crypto market sentiment. After a sharp sell-off on Wall Street, BTC/USD stabilized, reclaiming $58,000 during the Asia trading session.
Key points:
- The 21-day moving average (SMA) at $57,858 acted as a support level.
- The 50-week SMA at $53,945 is seen as a crucial long-term support.
- Traders like Jelle and Keith Alan emphasize the importance of these moving averages.
Market sentiment took a hit, with the Crypto Fear & Greed Index dropping to 33/100, signaling a shift from "neutral" to "fear" after a minor BTC price drop.
Stay tuned as traders debate whether Bitcoin will hit new highs or face further declines.