đ„¶Bitcoin Greed Reaches Extreme Levels at 90 on Fear and Greed Index! đ±đ° Why a Sudden Market Crash Will Erase Your Hard-Earned Profits!đ
For the first time since 2021, the Crypto Fear & Greed Index is currently at 90 out of 100, indicating extreme greed in the market. This surge in sentiment, coupled with increased Google searches for Bitcoin, suggests a potential market correction on the horizon.
đ„While the BTC market price is currently red hot, a sudden market correction is poised to send the prices of Altcoins tumbling much lower - dealing death blows to recent Altcoin gains. Yikes!
Yet, Bitcoin enthusiasts are buzzing with excitement as the cryptocurrency's price skyrockets towards a new all-time high of $69,000. With Bitcoin trading at $68,300, up 7% in the last 24 hours, the hype on social media is palpable.
Many are reminiscing about past surges in Bitcoin's price, noting historical patterns where it doubled its all-time high within days. Analysts are referencing moments like March 2013 when Bitcoin surged 158% in a month, or December 2020 when it doubled in just 23 days.
Even without the upcoming halving event scheduled for April 2024, $BTC is already hitting new highs. Experts believe this could signal even more significant gains in the future.
Adding fuel to the fire are the newly launched Bitcoin exchange-traded funds (ETFs) in the United States, which have seen billions in net inflows since January. Experts predict these ETFs could attract hundreds of billions more in investment in the coming years.
Bitwise's chief investment officer, Matt Hougan, anticipates an "even bigger wave" of institutional capital once major financial institutions start offering Bitcoin ETF trades. With demand surpassing supply, Bitcoin's price is expected to soar even higher in the near future.
The only indication currently is that the Bitcoin frenzy shows no signs of slowing down, with experts predicting unprecedented growth in the cryptocurrency's value. đđ°
Best exercise caution!
