The feeling among the actors of the cryptography market has again become bullish following a modest price increase of several major cryptocurrencies in the last 24 hours.
The Crypto Fear & Greed index reached “greed” on Thursday with a score of 62 out of 100, recovering from a drop in “neutral” the day before. He followed several volatile days on the cryptography market while Bitcoin (BTC) fell at $ 112,000 this weekend, just a few weeks after reaching a summit of $ 123,100 in mid-July.
Feeling of feeling shows the early market stability
The “GREED” index yield came while Bitcoin has increased by 1% in the last 24 hours, trading at $ 114,298, according to Nansen.
The slight increase in prices, as well as the feeling bump, indicates that market players consider modest gain as a sign of short -term stability.
Meanwhile, ONCHAIN’s analysis company, Glassnode, said on Wednesday that taking advantage of Bitcoin holders in the short term – those who hold less than 155 days – have “cooled”.
The wider cryptography market has also increased. ETHER (ETH) posted 2.37% gains in the last 24 hours to negotiate $ 3,664 at the time of publication, while XRP (XRP) displayed gains of 2.14% to discuss $ 2.97, and Solana (soil) displayed gains of 3.26% to be negotiated at 167.38 $.
Analysts say that bitcoin on “Breakout Haussier”
The rise in feeling was taken up by the analysts’ commentary on Thursday, the founder of MN Trading Capital Michael Van de Poppe said on X that “Bitcoin is back to resistance and consolidates here. This test should probably bring the bullish break.”
In relation: Crypto funds see an exit of $ 223 million, finishing a 15 -week sequence while Fed attenuates the feeling
Crypto Trader Galaxy said the last time Bitcoin had seen similar volatility was in November, before going from $ 70,000 to $ 100,000 before December 5 during a month -long rally after the US presidential election of Donald Trump.
Crypto Trader Ted predicted that Bitcoin could reach new summits of $ 125,000 soon, while noting that it would trigger $ 18 billion in liquidations.
Review: Ether could “tear up as 2021” as Solid Traders Solid For 10% Decrease: Trade Secrets
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
