The fear and greed index has reached its lowest level, and the last time it reached these levels was on 20/6/2022
The price of Bitcoin at that time was $19,600. ๐ฐ
There is a saying in the world of finance and investment that says
"Buy when there's blood in the streets, even if the blood is your own."
"Buy when there's blood in the streets, even if itโs your own blood."
I have buy orders at these levels
83-80 thousand dollars
78-72 thousand dollars
If it reaches there, it's good and will be a buying opportunity for many other currencies
A quick look at Bitcoin
Currently trying not to break the 84-85 thousand dollar level
The closest support areas after that are 80-81 thousand dollars
If it breaks it, we will see a sharp drop to the 75-73 thousand dollar level, and these areas "might" be reached by the tail of a candle to close the price gap formed on November 8 and 11 last year.
Regarding resistance levels
Currently we have 92-93 thousand, returning to it is essential to continue the rise
The strongest resistance areas we have are from 100-103 thousand dollars and peak areas are 109-110 thousand dollars.
The psychological targets for Bitcoin
115 thousand dollars
120 thousand dollars
150 thousand dollars
And all of them will be resistance areas
Regarding the trend
On the larger timeframes from two days and more, it's rising ๐
On the smaller timeframes from a day to 30 minutes, it's declining ๐
