Over the past 24 hours, Bitcoin (BTC) has experienced a sharper increase with its price increasing by approximately 4%
The recent price movement has influenced trader sentiment, with the Crypto Fear & Greed Index indicating a shift towards 'Extreme Greed.'
Profit-Taking: As Bitcoin approached significant price levels, some investors opted to realize profits, contributing to selling pressure.
Market Anticipation: everyone is closely monitoring potential policy shifts, such as the Federal Reserve's stance on interest rates and the incoming administration's approach to cryptocurrency regulation, which could impact Bitcoin's future performance.
Emotional Decision-Making: The current market environment may lead to heightened emotions, influencing trading decisions.
Current advise: monitor market closely, expect a dip after this sharp Incline that is happening, always put stop losses and always have a stoic approach.
But for now merry Christmas everyone, Don't forget to take some time outside of trading to focus on health and family!🎅🎅