Crypto’s Fear & Greed Index just jumped to 78 solidly in “Greed” territory and honestly, that’s a big leap from 63 only a week ago. Sentiment moved fast. Now, we’re not far from the yearly high of 82 set back in August. You can see this reflected in Bitcoin’s price and trading volume; both ramped up as the index climbed over the past couple days.
One thing to keep in mind: when the index flashes extreme greed, it doesn’t always mean the top is in. Still, it definitely means the room for error gets tight because everyone’s piling in at once.
What’s your take does this run keep pushing toward a new high, or is it time for the sharp money to cash out? Share your thoughts below.
#AIStocksWhatNext
#BitcoinBreaksAboveMayHighNears$86K
#MUBARAK
One thing to keep in mind: when the index flashes extreme greed, it doesn’t always mean the top is in. Still, it definitely means the room for error gets tight because everyone’s piling in at once.
What’s your take does this run keep pushing toward a new high, or is it time for the sharp money to cash out? Share your thoughts below.
#AIStocksWhatNext
#BitcoinBreaksAboveMayHighNears$86K
#MUBARAK
