Crypto market moves out of ‘extreme fear’ region, experts say Bitcoin price bottom is in

by Aurelia Butler 15 June 2021, 12:30 169 Views

In a Monday tweet, Timmer expressed his optimism that Bitcoin will stay above $40,000.

After weeks of trading in the $34k region, Bitcoin reclaimed the $40k benchmark on Monday. The market sentiment also appears to be moving away from the “extreme fear” region on the back of positive news from El Salvador, Tanzania, and MicroStrategy.

Timmer is quite confident that Bitcoin’s next move will be in the upward direction and not lower.

GS Retail favorites basket vs. BTC/USD chart. Source: Jurrien Timmer/Twitter

Speaking of the Crypto Fear & Greed Index, the sentiment gauge is almost 40, suggesting a reversal in the market sentiments. Just last week, the value was 13, depicting “extreme fear.”

Continue reading on BTC Peers

Source: Cryptocurrency - investing.com

Stocks making the biggest moves in the premarket: Vroom, Ping Identity, Sage Therapeutics & more

Russian central bank ‘short-sighted’ regarding crypto, lawmaker says

This portal is not a newspaper as it is updated without periodicity. It cannot be considered an editorial product pursuant to law n. 62 of 7.03.2001. The author of the portal is not responsible for the content of comments to posts, the content of the linked sites. Some texts or images included in this portal are taken from the internet and, therefore, considered to be in the public domain; if their publication is violated, the copyright will be promptly communicated via e-mail. They will be immediately removed.

Crypto market moves out of ‘extreme fear’ region, experts say Bitcoin price bottom is in

Stocks making the biggest moves in the premarket: Vroom, Ping Identity, Sage Therapeutics & more

Russian central bank ‘short-sighted’ regarding crypto, lawmaker says

ITALIAN LANGUAGE

ENGLISH LANGUAGE