• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Bitcoin Regains $23k as Crypto Fear & Greed Index Plateaus Above 90

by
December 19, 2020
in Uncategorized
0
Bitcoin Regains $23k as Crypto Fear & Greed Index Plateaus Above 90
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bitcoin Regains $23k as Crypto Fear & Greed Index Plateaus Above 90 4

Quick take:

Related articles

Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

January 18, 2021
Core contributors, investors debate Yearn token mint

Core contributors, investors debate Yearn token mint

January 18, 2021
  • Bitcoin has recaptured $23k and could be prepping to retest its recent all-time high of $23,800
  • The crypto fear and greed index has hovered around 90 since early November
  • Traders are bullish despite the pullback to the $22,300 level
  • Bitcoin could very well break $24k and aim for $25k 
  • $20k is Bitcoin’s macro support level

The weekend is in full gear and Bitcoin has once again moved into bullish territory by recapturing the $23k price zone. At the time of writing, Bitcoin is trading at $23,500 which is a substantial bounce from yesterday’s low of $22,300.

Crypto Fear and Greed Index Plateaus Above 90

The excitement surround Bitcoin can best be illustrated by the crypto and fear index continually maintaining a value above 90 since November 6th. At the latter date, Bitcoin was trading at around $13k and would go on to wow the crypto community by posting an all-time high of $23,800 on the 17th of December. This feat by Bitcoin was achieved exactly three years since its last all-time high of $20k.

Below is a screenshot of the Crypto Fear and Greed index highlighting the manner in which it has hovered around 90 for close to two months now.

Bitcoin Regains $23k as Crypto Fear & Greed Index Plateaus Above 90 3

Bitcoin Traders Remain Optimistic

The crypto fear and greed index remaining high echos a similar observation by the team at Santiment in which traders continue being bullish despite Bitcoin being in uncharted territory. According to the team at Santiment, the discussions surrounding Bitcoin are high despite BTC suffering the aforementioned pullback below $23k.

Traders appear to be quite bullish about this pullback from #Bitcoin‘s $23.7k all-time high yesterday. Now at $22.7k, the amount of discussion related to #buy, #buying or #bought is at its highest level since the last mild pullback on December 1st.

Bitcoin Could Attempt $24k and Ultimately $25k

The crypto-verse is abuzz with short-term and long-term predictions of Bitcoin with a consensus that a major dip is unlikely. This is due to the continual accumulation of Bitcoin by institutional investors who now collectively hold 953,190 BTC in their treasuries. This is a 7.24% increment in Bitcoin holdings since December 9th when their collective bags were at 888,864 BTC.

According to the latest market update by the team at Crypterium analytics, $24k and even $25k is possible for Bitcoin moving forward with $20k acting as a macro-support area.

No doubt we will see testing of the $24,000 level in the coming days. Bitcoin will be able to break it, if it fixes above $23,600 on the 4-hour timeframe. In this case, most likely, we will be able to see another lumbago up to at least $25,000.

It should be kept in mind that Christmas will begin in a week. This means that many market participants will fix their positions. Therefore, we do not rule out a drop to $20,000 and below next week.

Share76Tweet47

Related Posts

Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

by
January 18, 2021
0

Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading...

Core contributors, investors debate Yearn token mint

Core contributors, investors debate Yearn token mint

by
January 18, 2021
0

After a stormy weekend for DeFi's original yield vault, dust is settling and a path forward is being paved What...

Former Canadian prime minister names Bitcoin as possible reserve currency

Former Canadian prime minister names Bitcoin as possible reserve currency

by
January 17, 2021
0

Bitcoin could be part of a basket of reserve alternatives to the U.S. dollar, according to Stephen Harper. Stephen Harper,...

Ethereum is About to Flip a Key Resistance Level into Support; New Highs Imminent?

Ethereum is About to Flip a Key Resistance Level into Support; New Highs Imminent?

by
January 17, 2021
0

Ethereum has seen some mixed price action as of late, with the cryptocurrency mainly taking its cues from Bitcoin This...

Former Ripple CTO may have lost much more than $220M in Bitcoin

Former Ripple CTO may have lost much more than $220M in Bitcoin

by
January 17, 2021
0

Current CTO David Schwartz claims Stefan Thomas created hundreds of accounts with 1.0 BTC "because that was the fastest and...

Load More
  • Trending
  • Comments
  • Latest
Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision

Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision

January 4, 2021
SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

December 6, 2020

Services Could Help Investors Rate Crypto Currencies

December 6, 2020

3 Factors That Made Bitcoin Become so Valuable Last Year

December 6, 2020
Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0
Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

January 18, 2021
Core contributors, investors debate Yearn token mint

Core contributors, investors debate Yearn token mint

January 18, 2021
Former Canadian prime minister names Bitcoin as possible reserve currency

Former Canadian prime minister names Bitcoin as possible reserve currency

January 17, 2021
Ethereum is About to Flip a Key Resistance Level into Support; New Highs Imminent?

Ethereum is About to Flip a Key Resistance Level into Support; New Highs Imminent?

January 17, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Abra
  • Altcoin News
  • altcoins
  • Altseason
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Smart Chain
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • bitcoin network
  • Bitcoin price
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Price Prediction
  • Changpeng Zhao
  • charlie lee
  • CME Group
  • coinbase
  • Coinmarketcap
  • cryptocurrency
  • Dash (DASH)
  • DeFi
  • DeFi Pulse
  • Electric Coin Company
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Futures
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Guide
  • Guides
  • Institutional Investors
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Market
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • Other
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Wallets and Exchanges
  • XRP
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.