I'm a crypto space analyst and expert having around 5 years of experience in crypto market reading, predicting, and trading.! But still, do your own research!
The greed in crypto market since past week increased from 54 to 66% with the increase of 0.2 trillion dollars which is about 200 billion dollars, now to hit 80-90% extreme greed in the market it need only increase of 0.45 trillion dollars, 450billions which is peanuts for some
Cut your investment into half and save 50% to buy dip and hold your seats tight
Since bitcoin halving happened how many of you have idea about bitcoin supply and how many bitcoin will be mined till next halving and in a year how much this halving will affect the price.
let me break it down: As we know bitcoin has halved, but what it is? After halving the newly issued bitcoin every 10 minute is 3.125 We get 525000 minutes in a year if we divide it into 10 we get 52500 moments of 10 minutes, ok let's multiply it " 3.125x52500= 164062" There will be 164.062k new bitcoins till next year Now let's do some maths 164000x current price (63000) = 10.33 Billion dollars worth of bitcoin which is about 8-9% compared to the total marketcap of bitcoin
Conclusion: till next halving miners can only mine 41.33b$ worth of bitcoin which gives me a green signal to hold it but as we know the bull and bear traders the king of crypto space everything goes according to their will but bitcoin halving will keep the extra pressure of sell orders in control at some level!
Dyor, this is my own research, and this is not a financial advice!