Bitcoin Rally To $95K? Market Greed Suggests It’s Possible
Bitcoin is on everyone’s crosshairs once more. The cryptocurrency shot up to $88,500 today, exciting traders who think the price will rise to $95,000 in the near term. But while optimism is high, so is caution. Some analysts are warning that a retreat back to $80,000 may occur before the next major rally starts. Related Reading: Shiba Inu ETF Proposal—Could This Be SHIB’s Breakout Moment? Traders Show Signs Of Greed Market intelligence platform Santiment reports that greed is building among crypto investors. References of Bitcoin reaching $100,000 or even as high as $159,000 have....
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As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections in the past, but will the trend be similar this time? Bitcoin Fear And Greed Index Starts Pointing At Extreme Greed As per the latest weekly report from Arcane Research, the fear and greed index is now pointing at extreme greed as BTC makes a new ATH. The fear and greed index is a Bitcoin indicator that shows what the current crypto market sentiment is. The metric uses a numeric scale that ranges from zero to hundred to display the....
The Crypto market has been fluctuating heavily in the past couple of weeks but with last week’s rally had finally landed into the greed territory. However, as the rally had slowed down and the inevitable market correction had begun, sentiment had begun to shift once again into the negative. This had caused the Fear & Greed Index to reverse out of the greed territory, finally ending in neutral. Now, the market remains at a standstill waiting for the next move. Crypto Fear & Greed Index In Neutral The crypto Fear & Greed Index helps map out how investors are feeling towards the market.....
Data shows the Bitcoin market sentiment is still quite close to the extreme greed zone, a potential sign that a further price cooldown may be needed before a bottom. Bitcoin Fear & Greed Index Still Has A High Greed Value The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment among investors in the Bitcoin and wider cryptocurrency markets. The index uses a numeric scale that runs from zero to hundred for representing this mentality. Its value being greater than 53 means the investors as a whole are showing greed, while....
Bitcoin market sentiment has now skewed completely into the positive. The Fear & Greed Index had spent one of its longest stretch in “extreme fear.” Market sentiments were in the negative. This was due to the market crash that had occurred following the May price rally. The move of the index into greed could see […]
Data shows that the sentiment of the Bitcoin market has switched to fear after the retrace. BTC has seen a $58,000 level during the past day. Bitcoin Fear & Greed Index Is Pointing At ‘Fear’ Now The “Fear & Greed Index” is an indicator created by Alternative that tells us about the general sentiment among the investors in the Bitcoin and the wider cryptocurrency market. Related Reading: Ethereum In Danger: Analyst Explains What Could Trigger Crash To $1,800 Market sentiment can be helpful to follow as it can reflect the cryptocurrency’s price. It sometimes....