report

Sees BTC in similar pattern to 2019-2020 bull run

According to Cointelegraph, an anonymous crypto analyst named Trader Tardigrade, who has around 53,000 followers on X (formerly Twitter), has diagnosed that "the BTC/USD 2-week chart is showing a pattern similar to the pre-bull market pattern seen in 2019-2020." "On that chart, the recent BTC movements have formed a Descending Broadening Triangle pattern, which is similar to the one we saw in 2019 when BTC rose from below $10,000 to near $70,000," he explained. Another analyst, Matthew Hyland, said: "BTC seems to have found a bottom before embarking on a Q4 rally. This is a market behavior that was also observed in 2012, 2016, and 2020 during the US election cycle."

Crypto 'Fear-Greed Index' at 49...moving to neutral

Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose four points from the previous day to 49. The improvement in sentiment moved the index from fear to neutral. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close

blockchain crypto cryptocurrency fear greed index 26 btc 55K (SpotedCrypto)

Crypto 'Fear-Greed Index' 26...Fear Continues , CME BTC Futures Gap $870

Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell three points from the previous day to 26. The fear phase continues with a slight contraction in confidence. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100 indicating

blockchain crypto cryptocurrency bitcoin reclaim 62K we wish (Spoted Crypto)

Bitcoin supports $60K, break of $62K will change the trend and close nearly $700M worth of shorts

Wall Street takes a breather ahead of Fed Chair Jerome Powell's speech at the Jackson Hole meeting. Bitcoin held the $60,000 level in the New York market on Dec. 22 (local time). Cointelegraph reported that the $60,000 support level held firm, supported by inflows into ETFs.

Read next