Key Way:
The crypto market sentiment on April 23 targeted the crypto fear and the greedy index back to the “greed” area of two months.
Despite the rise in bitcoin prices, the emotion score is slowly decreasing, and analysts are skeptical about the stability of the rally.
The crypto market is heavy, dominated 64 %, with strong ETF arrival and low -coin season score.
With several days of Wikipedia, more than 000 90,000 pushed the crypto market sentiment to its high position in more than two months on April 23, but analysts gradually eliminated air concerns about the stability of BitCoin’s rally.
On April 23, the crypto fear and greedy index scored 72 out of 100, and put it in the “greed” zone because BitCoin (BTC) returned above the 000 90,000 level. However, by April 25, the score has decreased despite a relatively stable price.
Crypto feelings at a height of two months
The last time the index hit the score on February 4, US President Donald Trump introduced prices and BitCoin dropped from 000 100,000. But for the first time since March 6, Bitcoin has re -claimed at the price level of 000 90,000.
However, in the past two days, the Bitcoin trade, despite being between 91,800 and 94,304, has been slowly cooling down in the “greed” area, in which the index has fallen on April 25 and 60 April.
Light -backback is following the warning of crypto analysts who are cautious about the Bitcoin rally, including 10 X Research’s Head of Research, Marx Thalen, who are not yet convinced of any rally.
“Given that our Stabbicon mint indicators have not yet returned to the highest activity level, we are careful about the stability of the current Bitcoin rally,” Thalan said on April 23.
Meanwhile, Butt Finex analysts said April 24 that while BitCoin’s relatively StrengTher power against the US Equity “looks real,” it cannot be confirmed yet.
However, others are happy. MN Trading Capital founder Michael Van de Pope said April 24 that “buyers are likely to step, and then we will continue our way to a new (all -time height).”
Related: Bitcoin ‘Short Squeeze’ or $ 87K Dip Next? BTC price predictions vary
The CoinMarketcap’s Altcoin Season Index indicates that the market is still liking on Bitcoin on Altcoins, the opposite coin season is sitting at least 17 of the 100. This comes when Bitcoin dominates 64.39 %, according to commercial view data.
Bitcoin’s emotions have touched the price limit of $ 80,000 since then. On April 17, Crypto Analytics firm Sentimant pointed out that the tone of social media posts related to BitCoin had changed rapidly.
Meanwhile, Crypto analyst Trader T said in a post April 25 that the US -based spot butt Coin ETF has seen his third best week since the launch of April 24, January 2024.
Magazine: Pokemon, Filipino Pope on needle rumors bets polymeric: Asia Express
This article does not have investment suggestions or recommendations. Each investment and trade initiatives include a threat, and readers should do their research when making a decision.
