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🔻 Bitcoin Falls Back Below $57,000 – What’s Happening? 🔻 After briefly reaching $58K, $BTC has dropped to $56,800. Several key technical indicators suggest weakness in the near term: 🔻RSI at 41: A bearish signal. 🔻Fear & Greed Index at 29: Approaching "Extreme Fear." 🔻SMA & EMA: Positioned above the current price, reinforcing downward pressure. 🔻MACD & AO: Both indicate weak momentum. 🔻ATR: shows increased volatility. The broader stock market downturn is adding pressure on Bitcoin. However, the crypto market remains dynamic, and quick recoveries are possible, as we saw recently. Will #Bitcoin attempt another rebound, or are we in for more turbulence? 🌐 #RSI #FearAndGreedIndex #MACD #ATR
🔻 Bitcoin Falls Back Below $57,000 – What’s Happening? 🔻

After briefly reaching $58K, $BTC has dropped to $56,800. Several key technical indicators suggest weakness in the near term:

🔻RSI at 41: A bearish signal.
🔻Fear & Greed Index at 29: Approaching "Extreme Fear."
🔻SMA & EMA: Positioned above the current price, reinforcing downward pressure.
🔻MACD & AO: Both indicate weak momentum.
🔻ATR: shows increased volatility.

The broader stock market downturn is adding pressure on Bitcoin. However, the crypto market remains dynamic, and quick recoveries are possible, as we saw recently.

Will #Bitcoin attempt another rebound, or are we in for more turbulence? 🌐

#RSI #FearAndGreedIndex #MACD #ATR
❤️ THIS POST AND I WILL SHARE NEXT 10X GEM COIN #ATR HOURLY TIMEFRAME UPDATE (ON DEMAND) #Artrade is the first marketplace for art Real World Assets (RWA) powered by Solana. ANY THOUGHTS ON $ATR ?
❤️ THIS POST AND I WILL SHARE NEXT 10X GEM COIN

#ATR HOURLY TIMEFRAME UPDATE (ON DEMAND)

#Artrade is the first marketplace for art Real World Assets (RWA) powered by Solana.

ANY THOUGHTS ON $ATR ?
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