#BTC The greed in the crypto market remains unchanged, Bitcoin's pullback hides opportunities
The fear and greed index of the crypto market, even amidst the decline in Bitcoin's price, remains firmly in the greed zone, revealing investors' strong confidence in the market. This index currently stands at 72, indicating a high level of greed, which means traders view price pullbacks as excellent buying opportunities.
Rational pullback after Bitcoin's new high
Looking back at 2024, the crypto market looks promising, and Bitcoin has bravely broken the $100,000 barrier. However, the subsequent pullback saw the price drop to $92,600, causing a slight setback in the bullish market sentiment. This is merely a natural response to long-term investors taking profits and a temporary cooling of market activity, a regular adjustment in a bull market.
HODLing showcases long-term confidence
Despite price fluctuations, the trend of HODLing continues unabated, and investors are full of expectations for the future of Bitcoin and the entire crypto market. As long as Bitcoin can maintain the crucial support level of $92,000, an upward trend in 2025 remains expected.
Buying frenzy of well-known cryptocurrencies
The greed sentiment in the market is evident in the buying trends of well-known cryptocurrencies. Recently, Dogecoin whales have massively purchased over 90 million DOGE, undoubtedly another testament to the market's optimism.
Current status of Bitcoin price: Opportunities in the adjustment
Currently, Bitcoin is trading around $94,400, down approximately 12.8% from its December high of $108,135. During Bitcoin's bull market cycle, such adjustments of 20% to 30% are not uncommon. Therefore, investors need not feel anxious due to short-term fluctuations, but should maintain confidence and patiently await a market rebound.
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