- The Bitcoin price challenges the key resistance trendline of inverted flag pattern, signaling a potential breakout to kickstart fresh recovery.
- Easing geopolitical tensions acted as a catalyst for renewed risk-on sentiment across crypto markets.
- A potential bullish crossover between the 20-and-100-day exponential moving average could renew the buying pressure in BTC
On Thursday, the Bitcoin price witnessed low volatility sideways trading around the $78,500 level. While a short-bodied candle may indicate initial uncertainty in the market, the long-tail attached to this base indicates intact demand pressure. Recent on-chain data shows market sentiment has shifted into high gear. FOMO (Fear of Missing Out) is officially back, with crowd support surging as investors prepare for the next major breakout.
BTC Swings From FUD to FOMO
In the last three weeks, the Bitcoin price bounced from $64,950 to $78,375 current trading value, registering a gain of 20%. Consequently, the asset’s market capitalization bounced to $1.56 trillion. A primary catalyst for this surge was Read Entire Article
English (US)