After the excitement of the down, then up days, on Tuesday, and Wednesday respectively, $BTC is tracking sideways, having found support at $65,000. Will the main direction from here be up, or down?
With outflows surpassing inflows for the Spot Bitcoin ETFs over the first few days of this week, it’s probably really not surprising that the bitcoin price has somewhat stalled. What was surprising, was how well that retail filled the gap, and bought $BTC up without the aid of Blackrock et al.
Bitcoin sentiment is muted
However, there does seem to be a more muted sentiment across the crypto market currently. The Fear and Greed indicator is still in Greed territory, but at a value of 75, it has backed down from the Extreme Greed of last week of 83.
Bitcoin profit-taking going into halving
J P Morgan analysts were quoted in a Bloomberg article as highlighting how bitcoin was overbought, and likely to see a retrace going into the halving event. They also pointed to the weak Spot
We współpracy z: https://cryptodaily.co.uk/2024/03/bitcoin-price-muted-support-found-at-65000
