The greed and fear index, which usually accurately reflects what is happening on the crypto market, is in the "extreme greed" area. At the end of the working week, the index is at 77 points. The closer the indicator is to “100”, the higher the chances of a correction. The index was confidently higher only at the peak of the June 2019 rally. Then the index reached the value “95”. The RSI is also in the oversold area, however, it should be noted that this situation does not mean that Bitcoin will not be able to overcome gravity.
Terzio August 8, 2020 Reply
Bitcoin has held above $11000 and continues to rise. At the moment, the weekly growth of bitcoin is almost 7%. A close of the week in the immediate vicinity of or above $12000 would be the best evidence of a favorable outlook for the crypto market. The total capitalization increased by $ 32 billion over the week, which gives rise to more and more speculations on the topic of a new rally, but one should be wary of the current dynamics, since indicators indicate that the market is overbought.
GeoTagsOff August 7, 2020 Reply
Bitcoin demonstrates near zero dynamics during the day, not supporting either bulls or bears. The digital currency market as a whole shows a tendency towards moderately negative dynamics. However, it will be premature to talk about the beginning of a reversal. The total capitalization of the cryptocurrency market also does not show any changes over the course of a day, from which it can be concluded that digital currencies took a break after an impressive rally. Investors are eyeing new triggers, and even in the event of a correction in the crypto market, this could open the door for those wishing to enter at a discount.
Torsten August 6, 2020 Reply
According to Bybt, Bitcoin's sharp weekend correction resulted in the liquidation of $1.4 billion in positions across all major crypto exchanges. BitMEX experienced a $144 million long liquidation, indicating a generally bullish investor sentiment that may now be holding a wider range in open orders. The index of greed and fear sank 3 points over the course of a day, confidently remaining in the “greed” area. The crypto market is quite successfully overcoming gravity due to FOMO, the signs of which are becoming more and more distinct.
RichardDd August 5, 2020 Reply
Bitcoin has proven that long-term sideways price trends can end in growth. The crypto market as a whole demonstrates that high volatility remains an important component of it. Price fluctuations began to attract demand from investors of all levels. According to CoinMarketCap, over the past month, the total cryptocurrency market capitalization has grown by $80 billion, or 30%, confidently surpassing $300 billion.
Peter August 4, 2020 Reply
Bitcoin tested annual highs above $12000 on Sunday morning, but then fell sharply, losing $1500 at the moment. Within a few minutes, bitcoin quotes fell to the level of $10500. All leading cryptocurrencies collapsed in sync with Bitcoin. The sharp price movement led to a cascade of liquidations of positions on crypto derivatives exchanges. On BitMEX, the liquidation volume amounted to $147 million in an hour. The total volume of liquidated positions in crypto derivatives during the fall exceeded $1 billion.
masterofpuppets August 3, 2020 Reply
Bitcoin's current growth momentum is attributed to an influx of institutional funds. The total daily volume on the major exchanges jumped 186% to $ 43 billion. Growth was shown by all sites, including CME and Bakkt, while the latter offers bitcoin futures with physical delivery of the asset. Bakkt said the number of contracts jumped to 11506 on July 28. In addition, Grayscale Investments announced an increase in the volume of cryptoassets under management by $1 billion in less than 2 weeks. All of these events could be behind the jump in the price of bitcoin to $11400.
GeoTagsOff August 2, 2020 Reply
After a 60% decline in 2014, bitcoin repeated the leap forward of 2013by the end of 2016. Fast forward four years and into the second year after a 75% decline in 2018. Bitcoin will approach its all-time high of around $20000 in 2020 if the 2016 trend repeats.
Peter_777 July 31, 2020 Reply
Levels above $ 11000 are highs in over a year, and appear high enough to neatly take profit. Bitcoin's price high in 2020 was reached at $11400, and at the moment the dynamics are similar to the situation with precious metals: in the range from a slight decline to zero. The index of greed and fear is in the "extreme greed" mode, which, according to the idea of the index, indicates an imminent trend reversal, nevertheless, bitcoin may well show growth and being in overbought technical conditions. Formally, a sell signal will be the return of the RSI to the area below 70 against the current 75.
Davidio July 30, 2020 Reply
Bitcoin broke out of the range in a sharp movement. FOMO was launched on the market after bitcoin took important resistance levels and a sharp exit from the sideways. On the other hand, the current positive sentiment may still not withstand the pressure of large investors fixing profits.
Cookie 4 Rookie July 29, 2020 Reply
Against the backdrop of the Bitcoin rally, the number of open positions in futures on the CME regulated exchange reached a record $ 724 million. According to the skew analytical service, the indicator jumped against the background of a significant increase in trading volumes. The Bakkt platform has also set a record for the largest trading volume for its deliverable Bitcoin futures. The strengthening of the bitcoin rate led to a surge of interest for this cryptocurrency.
Gerhard July 29, 2020 Reply
Glassnode expects bitcoin's current rise above $10000 will be different from the last two. Bitcoin reached $10000 several times in 2020 along with the rise of Glassnode's metric called Bitcoin Days Destroyed. However, this time the experts did not see an increase in the indicator.
RichardDd July 28, 2020 Reply
Bitcoin destroys another correlation: this time with the stock market. Bitcoin is now switching to precious metals. The surge in demand for gold, silver and bitcoin reflects growing concern among market participants that the current surge in the stock market could be just as deceiving as in March.
Crypto Dragon July 28, 2020 Reply
Bitcoin has once again crossed the $10K threshold and, supported by growing trading volumes, changes hands at the start of the week for $10200. Over the past day, Bitcoin has added almost 6%. The Greed and Fear Index followed the rise in the price of bitcoin, and at the moment the index is in the "greed" area, approaching the overbought levels. The same is demonstrated by the RSI, which with a sharp movement moved into the overbought area. Now we have to understand how optimistic the intentions of the buyers are and how patient the bears are.
SilverLine July 27, 2020 Reply
Bitcoin COT data reflects an increase in bearish sentiment among large speculators. Major funds have been actively increasing their positions last week. Sales grew 12%, purchases - 8%, which led to an increase in the net position for a decrease in BTC by 29%. At the same time, the net position became the maximum over the last month. The continuation of this trend may contribute to the decline in bitcoin's price.
BinaryMan July 26, 2020 Reply
Bitcoin miners stay in the game. Although the hash rate, having reached an all-time high, nevertheless began to decline, the difficulty of mining remains at an all-time high. How long miners can stay in the game, working at a loss, is a mystery, however, as elsewhere, the mood factor can significantly influence here. As long as the value of bitcoin remains in a sideways price trend, miners do not lose hope. With their persistence, they inspire hope in other market participants, however, on the other hand, at the same time, they put pressure on the market due to the need to sell coins to maintain their business.
PancakeKing July 25, 2020 Reply
The bitcoin dominance index is at the level of December 2017. So far, this is the only coincidence with that period. It was in December 2017 that crypto-FOMO reached its all-time high. Bitcoin and even altcoins in general have entered the mainstream. The decline in the dominance of bitcoin (and hence the growth in demand for alternative cryptocurrencies) fueled the trend for the entire crypto market to rise, creating a looped rush in demand. Of course, at the moment the situation is completely different, however, the decline in the bitcoin dominance index, as in December 2017, is a positive sign for the market.
Know1tAll July 25, 2020 Reply
Bitcoin hit a monthly high, reflecting the return of buyers' interest. For the most part, this can be caused by the persistent weakening of the dollar, which forces investors to look for ways to protect their capital from depreciation. Now Bitcoin is at a very important stage, since the violation of the correlation with the stock market can create an additional impetus for buyers attracted by the independent dynamics of the asset in an environment when there are almost no safe havens.
GeoTagsOff July 24, 2020 Reply
The Bitcoin Gold Correlation Index exceeded 40%, reaching its highest level in the last four months. At the end of April, this index fell to record lows (-42.8%). The interdependence between the two assets is growing amid the desire of investors to find tools that can protect their savings from inflation. At the same time, there are signs of an imminent weakening of the correlation between Bitcoin and the American S&P 500 indicator. Now this indicator is at its maximum.
BinaryMan July 24, 2020 Reply
Bitcoin hashrate, which peaked on July 8, is showing a consistent decline, which is logical given the need for miners to operate at a loss. However, this process has not yet affected the complexity, which is currently at an all-time high. The desire to maintain market share among miners is becoming another factor in supporting the first cryptocurrency.
Icy Sun July 23, 2020 Reply
Bitcoin demonstrates 4% growth over the week. Bitcoin surpassed the 50-day average and hit a monthly high, reflecting the return of buyer interest. For the most part, this can be caused by the persistent weakening of the dollar, which forces investors to look for ways to protect their capital from depreciation.
Julius_Irwin July 23, 2020 Reply
In 2020, there is a high correlation between the quotes of bitcoin and American stocks. In July, this figure reached 90%, this is the maximum since 2011. At the same time, experts doubt that we have entered a stage of long-term growth of BTC. The surge in cryptocurrency was the result of capital inflows into risky assets. To overcome the psychological barrier of $10000 and reach levels of $30000-40000, bitcoin needs additional capital inflows.
RichardDd July 22, 2020 Reply
Bitcoin increased by 2% per day and is traded at about $ 9350. Along with the price, trade volumes also increased by 33%. A number of positive news factors that caused the stock market to rise have pushed Bitcoin up as well. As is often the case, altcoins followed. According to CoinMarketCap, the total capitalization of cryptocurrencies per day increased by $5 billion to $276 billion. Fans of technical analysis are currently watching the price test of the 50-day moving average, which is now taking place. A confident consolidation above may become a significant signal for the dynamics of the rate for the coming days and weeks. In addition, the intermediate round level 9500 may also be significant.
Kim Lou July 22, 2020 Reply
I don't know what will help bitcoin break out of the current range. Perhaps it just takes time. All events in the macroeconomic space, including the amount of quantitative easing and fiat that is entering the economy, will sooner or later help bitcoin break out. The stock market is a thousand times larger than the cryptocurrency market. When there is a correlation with the stock market, people lose a lot of money. Many cryptocurrency owners want to convert their investments into fiat money.
Alexzander July 21, 2020 Reply
Observers and participants are receiving further confirmation of Bitcoin's correlation with the stock market. In this regard, there are more and more concerns about the scale of the negative effect that could sweep across all markets at once if the bubble in the stock market still begins to burst.
TooSmart July 20, 2020 Reply
Daily bitcoin's volatility of did not exceed 5% for 24 days. The same series of 27 days was in the spring of 2019 and ended on April 1 - then bitcoin grew by 31% in a month. A series of 29 days of low volatility also happened in the fall of 2018 - then the bitcoin rate fell by 48% in a month.
Crypto_Bro July 20, 2020 Reply
Bitcoin volatility has reached its lowest levels, and BTC trading volumes have also decreased. However, many experts believe that the consolidation of the first cryptocurrency should end with a powerful movement in the course. The Bitcoin Volatility Index has been at its lowest over the past few months. Within 30 days, this indicator dropped to its lowest level since mid-2017.
Niki474 July 20, 2020 Reply
Bitcoin COT report data reflects the rise in bullish sentiment among large speculators. Large funds continued to increase their positions in the last week. Purchases were increased by 6%, sales - by 2%, which led to a decrease in the net position for a decrease in BTC by 12%. At the same time, the net position again approached the minimum levels for the last 3.5 months. The continuation of this trend may contribute to the growth of the cryptocurrency. The number of large buyers increased by 4, to 41 over the week. At the same time, the number of large sellers increased by 2, to 29. New market participants are arriving, and the situation is gradually becoming less bearish. Small speculators mainly reduced their purchaseslast week, which have decreased by 8%. Small speculators were marked by an increase in bearish sentiment, but this group of traders usually does not have a significant impact on the market.
Shantanio July 19, 2020 Reply
The first cryptocurrency in the world, created by the Japanese programmer Satoshi Nakamoto in 2009, is at the top of the rating. Today it is the most popular virtual currency on the market and although its legal status may vary in different countries, bitcoin transactions are allowed in Japan, Canad...