Tactical Bull-Bear Sentiment Index (TBBI) #bitcoin remains in the historical accumulation zone after a bullish divergence formed.
The indicator is rapidly approaching the top of this zone as #BTC price attempts a recovery.
This region is considered as Extreme Bearishđ©(0â20):
Historically, these levels have correlated with high-probability cycle bottoms, when there is an excess of panic selling at a significant loss, and âsmart moneyâ absorbs this capitulation-driven selling.
#Onchain #CYCLE #accumulating $BTC
The indicator is rapidly approaching the top of this zone as #BTC price attempts a recovery.
This region is considered as Extreme Bearishđ©(0â20):
Historically, these levels have correlated with high-probability cycle bottoms, when there is an excess of panic selling at a significant loss, and âsmart moneyâ absorbs this capitulation-driven selling.
#Onchain #CYCLE #accumulating $BTC