🔸Fear & Greed Index and $BTC 🔸
What is the correlation between the fear and greed index and $BTC ? How to read and analyze the index?
In recent weeks we have always been heavily "greedy", therefore a value always above 70-75%.
We are seeing a slight decline, today the index shows greed and no longer "extreme greed".
If values close to 100 indicate a possible price correction, this drop in the index leads to an increase in sales.
What to expect?
#BTC is facing a price correction, if on the one hand the $72k wall has not been broken by the bull movement 🐂, on the other the downward movements do not seem convincing, the support at $63k is a first shelter for the bears' movements 🐻.
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