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BTC: Euphoria and Caution? Happy days are here again, people! BTC is now over $60k - let the profits roll in. I had estimated that BTC would hit its all-time high sometime in April, but that might happen by the weekend. It looks like we will hit $62k before the weekend, but as always, the market does what it wants to do. Nevertheless, a quick look at the Fear and Greed Index shows us we are in extreme greed. The argument that this time it's different should not be a consideration. Ignore the market signs at your peril; enjoy this beautiful ride while it lasts. And please do not ask when BTC will hit its all-time high because your guess is as good as mine. What say you people? #nosazena #BTC #Write2Earn‬ #CryptoMarketSurge #FearAndGreedIndex

BTC: Euphoria and Caution?

Happy days are here again, people! BTC is now over $60k - let the profits roll in. I had estimated that BTC would hit its all-time high sometime in April, but that might happen by the weekend. It looks like we will hit $62k before the weekend, but as always, the market does what it wants to do. Nevertheless, a quick look at the Fear and Greed Index shows us we are in extreme greed. The argument that this time it's different should not be a consideration. Ignore the market signs at your peril; enjoy this beautiful ride while it lasts. And please do not ask when BTC will hit its all-time high because your guess is as good as mine. What say you people?

#nosazena #BTC #Write2Earn‬ #CryptoMarketSurge #FearAndGreedIndex

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BTC: Market Vagries or Something Else? I had wanted to write this a few days ago but decided to wait and see what happens in the market. In my last couple of blog pieces, I said there would be several more drops in price before proceeding to higher levels. BTC has shown that. You may take comfort that there are just a few things you need to pay attention to. First, an investor can observe several areas of support. The first area of support is between $59 - $60k. Bitcoin price falling below support means that the bulls have lost the argument. The second area of support is $50k. BTC falling below $50k means the bears are in control, and who knows where the price might end. Secondly, let's consider the 21-weekly moving average. Analysts know this moving average is a threshold between the bulls and bears markets. As long as the price of BTC stays above $50k support near the 21-weekly moving average, the bulls are still in control. Thirdly, we must always watch the Fear and Greed Index. Luckily, we are at Greed levels and not extreme greed. Finally, I have been watching the levels of liquidations occurring in the derivatives markets. It seems that both sides of the market are suffering heavy losses. For instance, the 4-hour BTC liquidations were $24.66M, which was $16.54M long and $8.12M in short liquidations. Derivatives also affect the current state of the market. As I have said before, BTC will get to $100k; there is no doubt about that. I suspect this will happen in the summer months. And to exactly when this will happen, your guess is as good as mine. #nosazena #BTC_ANALYSIS #Write2Earn‬ #Bitcoin #CryptoMarket
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