“Bitcoin on the way to $44K?” 😱😱😱😱😱
Not every chart tells the whole story. Let's analyze calmly.
Someone out there is swearing that BTC will plummet to $44,000… but does the current scenario confirm that?
Here are 3 points you need to consider before falling for this FUD:
1. Weekly and monthly VWAP remain below the current price, showing buying strength.
2. Selling volume in recent days does not exceed the 7-day average, indicating that the decline lacks real pressure.
3. RSI on higher timeframes (4h and 1D) is in a neutral zone, far from overbought/oversold.
Moreover, we are still above the 200 EMA, which is a long-term trend reference.
Can it correct? Of course. But dropping straight to $44K requires a strong trigger — and that, at the moment, does not exist.
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What do you think? Is BTC still holding or will it slip down?
Share your market view and tag a trader friend to discuss!