Whales are sucking up and people are scared.. What's going on? 🐋
Hey folks, the language of numbers says that whales have started accumulating heavily! Just last week, they added about 53,000 $BTC to their wallets, which is their largest entry since last November. Even MicroStrategy didn't miss the opportunity and increased its holdings by 1,142 units.
The technical situation in brief:
Bitcoin is currently hovering around $67,964, and the RSI index is holding steady at 42 (which means neutral). We have a "wall" support at $65,000 that needs to hold above it, and a strong psychological resistance at $69,000; if we break through it, we will see a real breakout.
The summary:
The fear and greed index has reached a level of (8) meaning "extreme fear", and usually these areas are where "smart money" builds its positions. But stay alert, there are transfers to exchanges of around 3,000 units daily that could cause selling pressure and slight fluctuations before the launch.
#البيتكوين # #كريبتو # #تداول # #حيتان # #MrKhaled #
Legal disclaimer: This content is for educational and informational purposes only and should not be considered investment advice. Cryptocurrencies are highly risky, so always do your own research before making any decisions.
