Crypto Express

07/10 15:30

Bitcoin’s $110K mind game

Bitcoin’s $110K mind game – Fear, greed, and dormant 80K BTC’s wake-up call!

Bitcoin saw 80k dormant coins move at $108,000, triggering a spike in market speculation. With BTC revisiting its key resistance, fear and greed may be back in play. This could either be smart money repositioning, or the early signs of distribution. 

Exactly a month ago, Bitcoin [BTC] sealed its highest monthly close at $110,247 – A level that quickly turned into strong resistance. Fast forward to July, however, and BTC is once again testing this key threshold. 

And yet, the structure behind the move has shifted lately. Unlike the prior rally driven by four explosive green candles, this retest has been after a slow, methodical grind from the $98k “dip” over the past two weeks. 

Thanks to the same, investor patience is now through the roof. In this climate, will FOMO ignite the next breakout, or will greed trigger yet another premature top?

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