Bitcoin’s “Fear & Greed Index” has returned to its October levels, reflecting the sentiment of the market. This could be considered a positive cool down, especially ahead of a potential major bull run in 2025.
This is often seen before major market movements, when investors are cautious or the market is temporarily weak. It could also be an indication of an accumulation phase, where large investors try to buy Bitcoin at bargain prices.
Possible prospects for 2025:
1. Halving Effect: Supply is likely to decrease and demand to increase after the 2024 Bitcoin halving.
2. Institutional Investment: Interest from large institutions and the trend of ETFs.
3. Global Macro Trends: Crypto’s prospects for regulatory approval.
If you are investing in Bitcoin, this could be a time for research and planning. Always keep DYOR (Do Your Own Research) in mind.
