Crypto Express

06/09 01:59

Market emotion could launch Bitcoin higher

Few indicators capture FOMO quite like the Fear and Greed Index. Following the recent political fallout, it tanked to 46, teetering on fear territory before bouncing sharply back to 55.

Push it a little further, and it’ll hit the “greed” zone. Historically, a classic green light for accumulation rallies where risk appetite heats up and investors start loading up with conviction.

And it’s not just the old hands getting in. The number of new Bitcoin addresses has turned positive too after a few quiet days, meaning even new buyers are feeling that FOMO kick in.Put it all together, technical signals and trader psychology, and a solid macro bottom is shaping up.

Take the 4th of June: Around 10k BTC vaulted off spot exchanges at $104,700 each, backing AMBCrypto’s thesis. 

The recent 14-day deleveraging wasn’t a meltdown but a “healthy reset,” clearing weak hands and priming Bitcoin for its next leg up.

At $105k, BTC is sitting on a springboard ready to launch.

#Check In Daily, Win Prizes Daily — Join the Fun!#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge#Share BTC or ETH Futures Trades#HTX Launches Meme Coin MOONPIG

24Share