Bitcoin is reinstated as greed is increasing, but the meeting to $ 200,000 is still possible

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Bitcoin is reinstated as greed is increasing, but the meeting to $ 200,000 is still possible

A good thing of the tane reached on All-Time High It’s $ 122,838 on July 14, but since this has been decreased in the union category near the level of $ 118,000. The latest pause in the high ammlemum does not reduce the market feelings, which is always strong. According to CoinmarkeTcap Index & greedy index, Bitcoin is currently sitting in the crisis of 68. This sounds, combined with the technical analysis of the logarithmic growth of curve curve (LGC) curve, indicates that Bitcoin is closely monitored.

Greedy returns to the market, but not too much

Bitcoin’s price action has spent most 48 hours of previous 488,000 After a wave of advantage It happens after it goes to $ 122,838. However, on-chain data indicates the look at all of the Bitcoin investment.

Especially, the Crypto Analyst ADel Adel Reder Jr. Details shared From Cryptoquant indicates that a 30-day moving rate of fear and greed the indicator goes back to the right place, now sitting in 66.2%. Although the feelings around the main cryptocircle is in a greedy field, this level is well below 75% of 75% range, accompanied by the top prices on March 2024 and December 2025

The current reading of 66%, while it is a green, suggesting that there is still a place to detect injury before the market is entered into the euphoric Blow-off section. In short, this metric shows that if the Bitcoin continues to combine and oppose the top without the sensual levels of greed between 75% and 80%, it will continue in continuous oppression at higher stresses.

Photo from X: @ @xedadlerjr

Bitcoin is re-resistant to resistance to curve growth

As mentioned earlier, Bitcoin’s break over the price level of $ 120,000 and the next peak peak are followed by a wave of profit. This practice saw Bitcoin price fixing $ 116,000 briefly before strengthening $ 118,000. Interestingly, Technical analysis The weekly period showing that Bitcoin has re-established the original band of Logarithmic GrowningNigR Curve (LGC)-resistant Logarithmic Civilve (LGC) as it reached the prace peak.

BTCUSD is now trading for $ 118,152. Chart: Trading trading

This band, identified as a bright bright region in the chart below, always active as a profit from the Past Bitcoin Market. Interestingly, Bitcoin was briefly hit the area on December 2024 and January 2025 before condemned, in the same way as January 2021’s Up first to the previous bull cycle.

Image from Tradingview: Tradingshot

Basically, this indicator means that Bitcoin is now the beginning of the last construction phase. According to the Crypto Analyst Tradingshot, who sent an analysis of the Tradingview platform, the highest of this cycle will be between US ratings in September, the Bitcoin amount may cost the area between $ 140,000.