Bitcoin Sentiment Now Worst Since Mid-October: Reversal Signal?
Data shows the Bitcoin investor sentiment has plunged to the lowest level since the middle of October. Here’s what this could mean for BTC’s price. Bitcoin Fear & Greed Index Has Seen A Decline Recently The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the general sentiment present among the traders in the Bitcoin and wider cryptocurrency markets. Related Reading: Dogecoin To Rally 6,770% If This Pattern Holds: Crypto Analyst This metric takes into account for the data of five factors in order to calculate its value:....
Related News
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 this week blasted off from $30,000 to $40,000 in a 25% move. Although the momentum was provided by an epic short squeeze, the leading cryptocurrency by market cap could continue to run much higher if diagonal downtrend resistance is broken. The breakout would confirm what looks like a bump-and-run reversal bottom, which according to the authority in chart patterns, has the best bull market performance out of 39 other chart patterns. Could this be the signal that bulls have been waiting for to restart their charge? Bitcoin Bulls Could Be Ready To “Bump And Run”....
The only way is (more or less) up for BTC price action, the analyst insists, offering a potential 2021 high of $450,000. Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the "worst case scenario."That's according to analyst PlanB, who on June 20 released his latest sentiment-busting bullish BTC price prognosis.Bitcoin to match all-time high in OctoberWell known as the creator of the stock-to-flow Bitcoin price forecasting models, PlanB has repeatedly bucked the overall market mood in recent weeks and months.Even as BTC/USD sees multiple....
An analyst has pointed out how Chainlink is forming a TD Sequential sell signal right now, which could lead to a retracement to this level. Chainlink Could Decline To $12.50 Following The Sell Signal As explained by analyst Ali in a new post on X, LINK could be heading toward a correction based on what the TD Sequential signal says. The “Tom Demark (TD) Sequential” is a popular indicator in technical analysis that is used to pinpoint reversals in the price of any asset (which, in the current discussion, is naturally Chainlink). The metric gives a signal whenever the asset has....
It is a stretch to say Bitcoin is bullish, but what if bulls were simply resting after a tough “evening” and are just about ready for a new “morning?” A potential, high timeframe bullish Japanese candlestick reversal pattern called a morning star could be predicting just that. Here is a closer look at the potential reversal signal and the conditions necessary for confirmation of bullish upside. A “Morning Star” Could Jump Start A Bullish Reversal Bitcoin has been in a brutal downtrend since November 2021. After a full month of extreme fear in the crypto....