Greed

Bitcoin

<ul> 
 <li>The Bitcoin Fear and Greed Index, offered by Jihan Wu’s cryptocurrency company Matrixport, has surpassed 90%.</li> 
 <li>The index has experienced a sudden rise from 10% to 93% in just 10 days.</li> 
 <li>Historically, levels above 90% indicate local peaks, while levels below 10% indicate local bottoms.</li> 
</ul> 
<p><strong>A recent report reveals that the Bitcoin Fear and Greed Index, provided by Matrixport, has reached a level of over 90%. This index, which measures the emotions of fear and greed in the cryptocurrency market, has experienced a significant increase from its previous position of 10% just 10 days ago. According to historical data, levels above 90% suggest that the market may be reaching a local peak, while levels below 10% indicate a potential bottom. This indicates that Bitcoin may consolidate at these levels before further upward movement.</strong></p> 
<h2 id="bitcoin-fear-and-greed-index-reaches-new-high">Bitcoin Fear and Greed Index Reaches New High</h2> 
<p>The Matrixport indicator, known as the Bitcoin Fear and Greed Index, has recently surged to a level of 93%, indicating a high level of greed in the market. This sudden rise in greed has caught the attention of cryptocurrency enthusiasts and investors. The index, which measures the emotions of fear and greed among Bitcoin traders, provides valuable insights into market sentiment.</p> 
<h3 id="historical-analysis-of-the-index">Historical Analysis of the Index</h3> 
<p>When analyzing the historical data of the Bitcoin Fear and Greed Index, it becomes clear that levels above 90% often coincide with local peaks in the market. This suggests that investors may be becoming overly optimistic and that a period of consolidation or correction may be on the horizon. On the other hand, levels below 10% have historically indicated local bottoms, signaling a potential buying opportunity for investors.</p> 
<p><img decoding="async" class="size-full wp-image-173656 aligncenter" src="https://en.coinotag.com/wp-content/uploads/2023/06/hf-index.png" alt="" width="738" height="321"></p> 
<h3 id="potential-market-outlook">Potential Market Outlook</h3> 
<p>Despite the high level of greed indicated by the Bitcoin Fear and Greed Index, it is important to consider other factors that may influence the market. The 21-day moving average, which is currently at 50%, suggests that the upward momentum may not be over yet. This indicates that Bitcoin prices may continue to rise after a period of consolidation.</p> 
<p>Markus Thielen, the research and strategy manager at Matrixport, explains that while a short-term local peak is possible, the upward trend indicated by the 21-day moving average suggests that Bitcoin prices may continue to rise after a period of consolidation. Thielen advises short-term investors to consider realizing their profits, while also acknowledging the potential for further upward movement in Bitcoin prices.</p> 
<p>Many investors have followed Thielen’s advice and have already taken profits from their positions. According to data from June 21, Bitcoin investors have realized the second-largest profit of the year, totaling $573 million.</p>  
<p>The post <a rel="nofollow" href="https://en.coinotag.com/matrixport-bitcoin-greed-at-its-peak-bulls-predict-a-breath-taking-pause/">Matrixport: Bitcoin Greed at Its Peak, Bulls Predict a Breath-taking Pause!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.</p>

Matrixport: Bitcoin Greed at Its Peak, Bulls Predict a Breath-taking Pause!

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