Corvus_Corax
Baku, 40.
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Mbeyaconscious
ยท
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Can you solve this? ๐
What do you say, dear? The alt season hasn't started yet. Bitcoin has broken all records, while the other coins are still stuck in the mud. Is there light at the end of the tunnel? Please make me happy๐
Proekt_73
ยท
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Fear and Greed Index for BTC - 25, in the 'extreme fear' zone.
Finally, everyone is genuinely scared. Not just 'oh, well it's unpleasant, but it will recover', but specifically 'what is happening?!'.
The last time the metric was at this level was at the beginning of September 2024, with a price of $54,147. In fact, at that time the Index was even slightly lower, at 22. A reversal followed, which led to the price rising above $100,000. This does not mean that the market will soar from the current levels. After all, for example, on August 6, 2024, the Index was 17. There is still room to fall from 25. However, considering the remaining liquidity below - it sets a tone of optimism for a reversal upwards.
Interestingly, since December 17, 2024, the price of #BTC and the Index began to significantly diverge from each other starting January 22. This is the day when retail started to really 'burn'. It took just over a month to reach extreme fear.
Finally, everyone is genuinely scared. Not just 'oh, well it's unpleasant, but it will recover', but specifically 'what is happening?!'.
The last time the metric was at this level was at the beginning of September 2024, with a price of $54,147. In fact, at that time the Index was even slightly lower, at 22. A reversal followed, which led to the price rising above $100,000. This does not mean that the market will soar from the current levels. After all, for example, on August 6, 2024, the Index was 17. There is still room to fall from 25. However, considering the remaining liquidity below - it sets a tone of optimism for a reversal upwards.
Interestingly, since December 17, 2024, the price of #BTC and the Index began to significantly diverge from each other starting January 22. This is the day when retail started to really 'burn'. It took just over a month to reach extreme fear.
Bitcoin (BTC) opened the week in the green zone as its price exceeded $70,000 on May 20, pulling the rest of the cryptocurrency market with it. Apparently, for this reason, artificial intelligence (AI) algorithms made several optimistic price forecasts at once. BTC price forecast In particular, one of the artificial intelligence algorithms, which is based on BTC statistical data and technical analysis indicators, predicts that on August 1 By 2024, Bitcoin could reach a price of $97,264. This implies an increase of 44.89% relative to current values. #BTC
On the night of May 20-21, the cryptocurrency market resumed its vigorous recovery. Digital gold rose in price over the past day by more than 6%, ether by 17%.
According to IntoTheBlock, 90% of holders of the second largest cryptocurrency by capitalization are in the black. A possible reason for the surge in Ethereum volatility is the increase in the probability of approval of spot ETH-ETFs by Bloomberg analysts Eric Balchunas and James Seyffarth from 25% to 75%. #BTC #ETH
According to IntoTheBlock, 90% of holders of the second largest cryptocurrency by capitalization are in the black. A possible reason for the surge in Ethereum volatility is the increase in the probability of approval of spot ETH-ETFs by Bloomberg analysts Eric Balchunas and James Seyffarth from 25% to 75%. #BTC #ETH
Bitcoin was created in 2009 by an anonymous entity known as Satoshi Nakamoto. It was introduced through a white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." Nakamoto mined the first block, called the "genesis block," on January 3, 2009, which included a text note referencing the financial crisis, signaling Bitcoin's purpose as an alternative to traditional banking systems. #BTC
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