Despite Decline In Bitcoin Price, Market Remains Greedy
Data shows that the crypto market has continued to remain greedy, despite the recent downtrend in Bitcoin’s price. The Fear And Greed Index Says The Bitcoin Market Is Still Greedy As per the latest weekly report from Arcane Research, the fear and greed index has been pointing towards greed since almost a month now. The “fear and greed index” is an indicator that shows what the general sentiment is among investors in the Bitcoin market. The metric uses a numeric scale that goes from zero to hundred, with values below fifty signaling a fear sentiment, while values above 50....
Related News
Bitcoin price toys with gravity after a non-committal Fed rates hold. Few large players, who have little perceived need for Bitcoin’s features, have any reason to hold a slumping commodity while stocks push to new highs. The outlook remains the same as yesterday: the 1day and 3day charts are bearish, and we anticipate decline. The 4hr candle chart MACD remains below zero. The proposal is that the market is denying decline with irrational psychology, but without institutional (whale) support. Hence, a sideways corrective pattern is forming until the sell-off below $640 kicks in. $640....
As bitcoin surges, bullish analysts (and greedy traders) see few stopping points before prices challenge the all-time-high near $20K.
Data shows the Bitcoin market has turned greedy again after almost three months of fear sentiment among investors. Bitcoin Market Becomes Greedy Again After Almost Three Months Of Fear The relevant indicator here is the “fear and greed index,” which tells us what the general sentiment among investors currently is. The metric uses a numeric scale that goes from zero to hundred for representing this sentiment. All values below fifty fall into the “fear category,” while those above belong to “greed.” When the index shows extreme values of above 75 and below....
Ethereum remains in a bearish zone and it traded below $2,250 against the US Dollar. ETH price remains at a risk of more downsides below $2,000 in the near term. Ethereum extended its decline below the $2,250 and $2,150 levels. The price is now trading well below $2,250 and the 100 hourly simple moving average. […]
Bitcoin price extended its decline below the $31,200 support against the US Dollar. BTC remains at a risk of a larger decline below the $30,000 support zone. Bitcoin remains in a bearish zone and it even broke the $31,000 support zone. The price is now trading well below $32,000 and the 100 hourly simple moving […]