Bitcoin PLUNGES to Next Downside Target (greed turned to fear yet?)


Bitcoin plunges to next downside target (greed turned to fear yet?). As bitcoin was approaching the 60K level some weeks or months ago, we warned about the negative divergences (which were warning of a potential weakness in the uptrend). Greed and euphoria were at extreme levels. Back then we mentioned that the probability of a pullback to two key levels was increasing. One level was the weekly 21 EMA. The second key target level was reached today and we discuss this with the sentiment cycle in this video. #Bitcoin #BTC #AlessioRastani

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