Crypto Daily – Nerves are jangling once again among investors as $BTC plummets $4,200 over the last 3 days. Price is holding above $60,000 currently. Can this continue to hold? Will there be one more flush out before $BTC heads higher again?
Bitcoin investors given quite a ride
The unrelenting shocks to the Bitcoin price are very likely shaking out any weaker hands that were still clinging desperately to their positions. Very much like a bucking bronco, Bitcoin is taking investors through the full gamut of their emotions.
The Fear and Greed Index has switched back into Fear, losing 10 points from its indication of a Neutral 49 only yesterday.
One more sweep below $60,000?
The dip may not be over yet. There are still some pockets of liquidity below $60,000, and market makers may want to sweep these first before potentially allowing the price to rise again. This liquidity stretches down to around $59,300. That said, on the other side of the coin,…
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