🧵 1/ Matrixport's BTC Greed & Fear Index surpasses 90%, signaling a bull breather ahead. Short-term traders should consider locking in gains. #crypto
🧵 1/ Matrixport's BTC Greed & Fear Index surpasses 90%, signaling a bull breather ahead. Short-term traders should consider locking in gains. #crypto
🧵 2/ However, the 21-day moving average suggests that bitcoin may still have more upside potential, with some chart analysts predicting a rally to $35,000 or higher.
🧵 3/ BTC's pullback from a mid-April high of $31,000 represents a "throwback". With heavy resistance expected in the mid-$30k range, a reconsolidation is likely before any further upward movement.
🧵 Read more at: https://www.coindesk.com/markets/2023/06/23/matrixports-bitcoin-greed-fear-index-surpasses-90-suggests-bull-breather-ahead/