Accéder au contenu principal

The Last Time This Happened to Bitcoin(BTC) Was 3 Months Ago

TL;DR

  • Bitcoin’s approach to $35,000 pushed the “BTC Fear and Greed Index” into “Greed” territory, reaching its highest since April 2023.
  • The index mainly indicated “Fear” in the latter half of 2022, but recent market positivity suggests a crypto market rebound.
  • High greed might signal a market correction, yet analysts remain optimistic about Bitcoin’s growth with favorable factors in play.

The ongoing cryptocurrency market revival, specifically Bitcoin’s bull run towards $35,000, seems to have changed the investors’ stance on the asset.

Recently, the popular “BTC Fear and Greed Index:” a metric that indicates the overall sentiment on the primary cryptocurrency, has entered “Greed” territory for the first time since mid-July.

The trend changed on October 21 when the leading digital asset started its ascend towards the coveted level of $30,000, while today (October 24), investors appear to be even greedier, with the index pointing to 66. It is worth mentioning that this is the highest figure since April 16, 2023.

BTC Fear and Greed Index
BTC Fear and Greed Index, Source: alternative.me

The “BTC Fear and Greed Index” was predominantly in the “Fear” or “Neutral” zone throughout the second part of 2022. However, the market’s positive performance since the beginning of the year and its impressive spike in the past weeks hinted that the prolonged crypto winter might be over.

While “Extreme Fear” may sound somewhat scary, the team behind the metric believes it could present a buying opportunity. On the other hand, too greedy investors could be a sign that the market is due for a correction.

Numerous analysts and experts have recently laid out their forecasts, suggesting that BTC is on a path of a further price increase should certain factors like regulatory developments, the upcoming halving, and interest from institutional investors be in place.

Those willing to find out the top five predictions coming from prominent figures could take a look at our dedicated video below:

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.


Source link

The post The Last Time This Happened to Bitcoin(BTC) Was 3 Months Ago appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

15 Profitable Ideas for 2023

If you’ve honed your photography skills and learned how to take high-quality photos, you may be wondering how to make money from photography. While your photography passion could just stay a hobby, if you have a keen eye for taking a great shot, you can cash in and enjoy a new income stream. Whether you’re an aspiring photographer just starting out or a professional photographer looking to bump up your earnings, this article is going to review different ways to make money from your talents online and offline. How to Make Money from Photography Online Read on to learn how to make money from your photography talents in the online marketplace. 1. Photography Blog A top way to make money with photography is to start your own website. Once you’ve learned how to start a blog , you need to create content regularly and promote your articles on social media. As traffic levels start to increase, you can monetize your site with adverts and affiliate marketing partnerships. A few ideas ...
Enregistrer un commentaire
Lire la suite

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

$3 Million Stolen In ‘Kraken’ Crypto Con

The surge in online scams has drawn heightened regulatory attention towards the crypto industry. A recent case serves as a vivid reminder of the risks involved, where a Connecticut resident became a victim of a significant scam, losing more than $3 million to individuals falsely purporting to be associated with Kraken, a well-known cryptocurrency exchange. The victim, who remains unnamed, was based in Westport and followed advice to transfer funds out of a retirement account, intending to reinvest the money in an account supposedly linked to Kraken. However, their decision led to more than $3 million swiftly disappearing into crypto wallets they could not access. Recovery Of Stolen Crypto Funds Fortunately, the victim sought help from law enforcement, and local detectives, collaborating with the state’s Organized Crime Task Force, launched an investigation. This diligent effort enabled them to trace the transactions and freeze accounts involved in the scam. While they managed to r...
Enregistrer un commentaire
Lire la suite