#BiyondDaily : Social FUD
š Bitcoin shows slight recovery after dipping below monthly pivot point yesterday.
š Selling lacked momentum to trigger more sell signals across technical and AI indicators.
š¬ Social media discussions focused on miner challenges, potential price drops, and whale inactivity.
š Cryptoquant data shows short-term Sharpe ratio mirroring Sept-Oct 2023 levels, hinting at possible recovery.
šÆ Technically, Bitcoin needs to surpass $62,000 for safety. De-Mark indicator points to $61,000 as bull trigger.
š„ Liquidation heatmap shows short liquidations clustered around $61,300-$62,000 and $64,600.
š
September historically volatile for Bitcoin; this week's moves relatively small in broader context.
š¦ Bitfinex Alpha research suggests Bitcoin might react bearishly to upcoming Fed rate reduction.
š Hoping for a move above $62,000 before payrolls and some crypto-specific positive news.
What's your take on Bitcoin's path through this challenging period?
#CryptoAnalysisUpdate #MarketOutlook #LiquidationHeatmap #sharpe