Bitcoin The fear and greed the indicator is crashed to the lowest level from March, why this good news is
Cryptocurrencyn Market is in a volatile position after Bitcoin that has lost significant pricing levels this week, and investment feelings take a beat. This Cause fear of Bitcoin & greed index Accessing 16 points in one day, sinking at 28 yesterday, its lower level from March. During the writing, the index is returned to 33, but still in a place of fear. This may not set many investors, but history shows that fears can be blessings by hiding Bitcoin investors.
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Bitcoin Treating & Guest Index dropped to 28
This week it was difficult for many cryptocurrencrencrency, especially bitcoin. Bitcoin, which began the week above $ 115,000, inserted into an additional deceiver who could see division under $ 110,000, led by Excess of cash over $ 1 billion in positions of industry positions. This moves and Eletheru Break below $ 4,000Next to the altcoins you love the XRP, Solalana expanded was down.
Taken together, This is motivated by the removal The alert prospect of last week, where the index is living in a neutral zone 48. Instead, Bitcoin’s fear and the greed of the Roven Ceels is low as 28, the 16th points of points in one day.
This crash in the fear of Bitcoin and greed the indicator shows how a quick feeling can bring it when important price limits fail to hold. However, when tragic feelings may seem to be a voice for pouring, these conditions can be the opportunity for long-time traders. The fear of fear and greed have been a combined index, with excessive fear levels often appear before the important revenge.
Earlier in March, where the indication began to reach the same depth, Bitcoin was selling a lower relative to about $ 83,000. Today, even after breaking less than 30 in the directions again, Bitcoin is about $ 27,000 more than such in March.
Bitcoin fear and greed. Source: Different.me
Building View in the coming weeks
A wider carriage of this understanding of the Crypto market can be Next to its next phase of recovery There is something more expecting. The index of a small indicator in 33 today since the 28 yesterday shows that some merchants have already placed turnaround. In some cases, the current price of Bitcoin can provide Savvy investors the opportunity to accumulate Bitcoin in pricing.
Bitcoin is rarely organizing circles in cases of great greed. Instead, combining and correction is reset emotions and makes a healthy growth place. For example, the Crypto Analyst Michael Pizzino It means at the post office on xThat the most recent fears can be Training Point Bitcoin and Crypto waiting.
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In this sense, the awesome environment may place a Bitcoin plant, Eletherer, and other altcoins to build bullish pressure if you just sell pressure in Eas.
Now, the most important thing about Bitcoin price To rehabilitate itself above $ 110,000. At the time of writing, the Bitcoin traded for $ 109,220.
Picture entered from Unscurcuch, chart from trade transaction
