Bitcoin Sentiment Nearly Back To Neutral—Green Sign For Rally?

The crypto market sentiment had taken a beating when the price of bitcoin fell to a new cycle low of $17,600. With this, investor sentiment had plummeted to new yearly lows. But slowly, the market sentiment had recovered and made its way out of the extreme fear territory. That is until now when the market sentiment has recorded an enormous push upward off the back of another market rally. Sentiment Turning Green The crypto market sentiment has been on an uptrend since the recovery started back in July. When the price of bitcoin first hit $24,000 for the first time since the market trend,....

Bitcoin price rejection at $42,000 means BTC is now trying to find new high lows, but at what price levels? Bitcoin (BTC) has seen an impressive rally of 44% with ten green days in a row. This rally and the substantial number of green days resulted in a sentiment shift. Practically two weeks ago, the market was comparable to a funeral, with many expecting more downside to $20,000. However, the sentiment completely shifted after the breakout above $31,000. The current sentiment is the expectation of Bitcoin to rally to $100,000 or higher in the second part of this year, while on-chain....

Bitcoin’s price has finally broken back above $11,000 after a prolonged period of consolidation around $10,700 This move marks an extension of the momentum that was incurred following news of Square’s plan to purchase $50 million worth of BTC. Analysts and investors took this news as a sign that companies are widely beginning to accumulate BTC to hold as a reserve asset As such, it renewed a bullish sentiment and, as can be seen today, […]

In an unexpected turn of events in the Dogecoin community, the creator of Dogecoin Jackson Palmer has decided unsubscribe from the Dogecoin subreddit. Through a public argument between himself and Alex Green, creator of the platform Moolah.io, over UltraPRO seeking trademark, Palmer has publicly shown intention to take a step back from the Dogecoin community due to the mass amount of internal issues brought to the public forum. CCN. "Given that I just can't be bothered dealing with the massive amounts of hate you've somehow had directed at me though, in the past 24 hours, I'm going to step....

Rising sentiment and token prices suggest that the upcoming Ethereum Merge is helping to catalyze a broad recovery in crypto prices. It has been a volatile yet positive week for cryptocurrencies, as traders ignored the warnings from crypto winter veterans that there was more downside in store and jumped back into the market at the first sign of rising prices. Evidence for the reversal in sentiment can be found in the Crypto Fear & Greed Index, which has climbed into the fear zone after spending a record time in the extreme fear territory due to collapsing prices in May and June. Crypto....