💸Bitcoin: positive or negative in the coming period?
🟢The Bitcoin buying rate index on whale wallets has increased strongly over the past few days, and their balance is increasing even during the correction.
Also, the Fear and Greed indicator fell again to the middle area between fear and greed after the recent correction of Bitcoin and the closing of many future positions that were in the market. This indicator is now in a support area and it is considered a buy signal.
The strongest support areas on the network are now at 62400. Whether we reach them or not, the market according to these indicators is positive.
🟢Regarding alternative currencies: After the news of the SEC permanently suspending its investigation into Ethereum, I think Ethereum and alternative currencies will start moving and breathing a little. Bitcoin’s possession is still controlling liquidity in the market.
