Finally, the Bitcoin’s fear and greed index reached a neutral point, where it was effectively reset. The change in the index behavior may improve the short -term expectations of digital and open a method to $ 100,000. Feelings improve in the market, but if they fell more, they may not be useful batch.
Stability near Neutral indicates that traders hesitant and beware about what will happen with the following Bitcoin. Given that Bitcoin is still circulating in the range of side unification ranging between $ 92,500 and $ 107,000, this lack of strong morale in either directions corresponds to the recent prices of prices. For weeks, bitcoin was stuck in a horizontal range without showing any clear direction.
About 92,500 dollars, the low support level and the upper border, which is close to $ 107,000, was resistance. The course of the original in the middle of the period will be largely determined by the outbreak of either direction. The gathering towards a long -awaited $ 100,000 teacher becomes possible if Bitcoin is able to break more than $ 107,000. Despite this contradiction, the future Bitcoin prospects are still bright. Large homes often follow lengthy monotheism, according to historical patterns.
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The apostasy in purchasing the pressure moved by the institutional interest or total economy variables may push bitcoin above its previous highest levels. Any bullish momentum can be delayed, if Bitcoin fails to obtain important support levels and re -test $ 90,000 or less. The market may be cautious according to the resetting of Fear and Greed, but the technical preparation for Bitcoin is still sound.
Whether Bitcoin is ready to pay about $ 100,000 or if more unification is needed before the next important step is shown through the outbreak of its current side channel. The main levels remain about $ 100,000 and may be broken in a fast way, so it is important to manage the local stop.
