📉 Bitcoin Daily 📈

Fear and Greed index at 90. Not that often it gets that high, so I decided to look back at F&G history and what happened to $BTC back then:

* June 26 2019 at 95 - top at 13970 before correction to 3800

* All December 2020 above 90 - bull run from ~17.6k to ~41k

* middle February 2021 above 90 - 57-58k, then was the dip to 28850 and another leg up to 62k which ended with 2 months consolidation in between 64-50k and then correction to 29k

* March 4th 2024 - last impulse to 68500 before 8 month consolidation started in between 49k and 73k

As you can see, not all cases led to correction. In December 2020 it was just a pure bull run up by 138%. In 2021 correction by 31% scared everyone out, and then #BTC made another 124% up. The only case of real top was in 2019. But the market have changed a lot during last five years.

So what do I want to say... extreme greed is not always the signal to sell. It can also represent strong bullish momentum as well as increased potential for high volatility on shake outs, as too much people are being long at the same time. So be greedy, but careful, and don't forget about risk management.

Despite yesterday's choppy price action I think 95-100k is still very realistic.

P.S. For future #Bitcoin correction scenario potential targets are developing Year VWAP VAH2 around 81500 and CME Futures gap at 77930-80670.

Nearest liquidity pools:

above - 92930 / 93370 / 93890 / 94260

below - 90860 / 90200 / 89530 / 89015