BTC price nears 2023 highs, but don't get too excited. The crypto market is still volatile and unpredictable, and there are plenty of risks to keep in mind. ๐ป
Here are 5 things to know in Bitcoin this week:
1. Bitcoin sentiment is back in "greed" territory. This is a warning sign that investors could be getting overheated.
2. The Crypto Fear & Greed Index is at its highest level since July. This is another sign that investors could be getting reckless.
3. BTC/USD is back near 2023 highs. This could be a sign of a breakout, but it could also be a bear trap.
4. The US Federal Reserve is expected to continue raising interest rates. This could put downward pressure on crypto prices.
5. The global economy is facing a number of challenges, including recession and war. This could also lead to lower crypto prices.
Proceed with caution, friends. ๐๐ป
