That 28,600 you see below coincides with a major support, now resistance. This support is actually more notable than the one at 25K, so it would be harder to break according to the textbook definition. But we're in a strange time. So we'll have to see how it unfolds over the next few sessions. It would be nice to see price break above tomorrow. That would really add fire to the fuel and we will be off to the races up to 33K.
I think traders are waiting for the FOMC decision and conference tomorrow. My opinion is that we break $30k tomorrow I added more collateral as there can be some wild volatility during FOMC rate decision day, I've seen btc go down over $1k and shoot up $2k within 10 minutes
Again, we couldn't get above 28,600. But we're permabulls, aren't we? Have faith, bitcoiners. God is on our side.
Crypto Fear and Greed Index at Highest Level Since Bitcoin Hit $69,000 https://dailycoin.com/crypto-fear-and-greed-index-at-highest-level-since-bitcoin-hit-69000/ by Arturas Skur March 21, 2023 The Crypto Fear and Greed Index turned “Greedy” on Tuesday. The last time the index showed such a value was in November 2021. Bitcoin (BTC) is trading at around $28,000. Just a couple of weeks ago the crypto industry was on the brink of collapse following multiple crypto-friendly bank failures and anti-crypto talk from U.S. regulators. However, with the U.S. banking system seemingly surviving one of the worst crises in the last years, crypto investors are starting to feel bullish – as bullish as at the peak of the last bull market. Crypto Fear and Greed Index Soars Crypto investors’ bullishness is evident in the way the classic Crypto Fear and Greed Index has turned “Greedy.” The index is currently at 68, which indicates that investors are pouring money into crypto. 68 is the largest index value since the peak of the last crypto bull run. In November 2021, the index value soared over 80 when bitcoin (BTC) hit $69,000 and the whole crypto market reached the $3 trillion mark. Today BTC is trading at around $28,000, according to data from CoinGecko. That’s 35% higher than in the last seven days. Ethereum (ETH) is also currently trading substantially higher than last week. ETH is now worth $1,800, according to CoinGecko. The total crypto market cap currently stands at $1.22 trillion. That’s at least a few hundred billion more than when Silvergate, Silicon Valley Bank, and Signature Bank – all three crypto-friendly banks – were shut down in the span of a week and caused widespread panic among crypto investors. Bitcoin, ether, and the whole crypto market significantly dumped on the news of the cascading bank failures but then quickly rebounded after U.S. regulators and the Federal Reserve guaranteed that all depositors at the mentioned banks will be fully covered. One of those depositors was Circle, the issuer of USDC that had over $3 billion stuck at Silicon Valley Bank. USDC depegged and fell to as low as $0.87 on the news but later regained its peg. On the Flipside The Fear and Greed Index can quickly turn to “Fear” as inflation has yet to subside around the world and central banks continue to raise interest rates. Why You Should Care The Fear and Greed Index is a good way to measure the exact sentiment of crypto investors. However, investors should always do their own research before deciding where to invest, since narratives and sentiment change quickly in crypto.
FOMC meeting comes, FOMC meeting goes, but the Bitcoin bull market is only just beginning nfa We prayed all year long last year to survive the crypto winter and make it to the next bull market cycle,,, We continue to pray for this bull market to be just as good as the previous ones
Ya old geezer you. I vaguely remember reading the above passage but couldn't recall the source. Had to google it to find out. Damn, it seems that book never goes out of fashion.
Ahh, for the first time in ages I looked at coin360 again. This is going to be very embarrassing for a writer of 'Canadian MoneySaver' Magazine. There was a full column a few editions ago where a contributor was calling the FINAL end of Bitcoin. He was 100% sure of it, and was putting his rep and everythign else on the line calling Bitcoin officially dead, and gave all his superior reasons as to why this was REALLY, the final end of Bitcoin and it would never rally again. And of course, everyone else was stupid.... I must start posting those here so we can go and heckle all those boomers trying to dictate to everyone else...