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Bitcoin Prediction 2024 August 5th

Bitcoin Prediction 2024 August 5th

BTC Price:

$52,727

UTC Time: 9:28 AM

Market Sentiment

Fear and Greed Index: 26 (Fear)

Volatility Index (VIX): 59.55 (Violent)

Bull/Bear Ratio: 0.8 (Bearish)

BitCoin Fear & Greed Index on August 5, 2024

Technical Indicators

Relative Strength Index (RSI): 9.19

Key Support and Resistance Levels

Support: $48,888

Resistance: $53,843

Bitcoin Prediction

Given the current market sentiment and technical indicators:

Investment Plan:

Bitcoin Short Selling:

Around $53,000

Stop Loss:

Around $53,500

Take profit:

Around $49,000

Disclaimer: The opinions expressed are for informational purposes only and should not be construed as investment advice. Please do your own research before making any investment decisions.

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