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. 🐻
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. 🚀🐻
