Bitcoin (BTC) price arrived on Monday for the first time in three weeks at $88,000 (USD). To be precise, the currency has not reached this price since the beginning of April.
For the past two weeks, The feeling of the cryptocurrency market He’s improvingcontributed to rising prices. But even so, it continues within a state of fear.
Bitcoin intervened in two weeks, with an index of USD 76,000, at least four months Fear and greed He was climbing from the Coinmarketcap Explorer. But even so, this continues to show fear in the market. During this period, it went from 15 to 34 points.
This rate scores on a scale of 0-100 for the cryptocurrency market, according to price data, volatility, derivatives, stablecoins and other aspects. Levels below 40 indicate fear, and points below 20 at extreme levels. Instead, 80 best people with over 60 greed and extreme strength.
According to metrics, considering selling assets when there is extreme greed may be a signal, but extreme fear can mean buying opportunities. So, while that’s not a no-no, some investors use emotional research as part of their opposing investment strategies.
In relation to this theory, Bitcoin prices experienced rebound after reaching an extreme sense of fearas shown in the following graph. This action expects a bearish cycle has not yet begun, despite the set-offs experienced from the greatest historical ones.
Bitcoin quotes it as 20% less than the US$109,000 historical record reached three months ago at the end of January. This can be seen on the following price chart:
Meanwhile, the sense of the American stock market has also improved. However, this is still at an extreme level of fear. Fear and greed CNN’s.
Trump is negotiating a trade deal
The improvement in market sense comes while hoping to end the commercial war on imports. Not only did US President Donald Trump suspend the rate he went to all countries except China, but he also made progress in negotiations.
After Italian Prime Minister Gorga Meloni visited the White House on Thursday, Trump said there was a “commercial agreement” with Europe. There is no expansion of negotiations yet, but he said, “it will be fair treatment.”
Meanwhile, Meloni, the first European leader to visit the White House since Trump imposed tariffs, said he was “safe” when he could reach an agreement. Enhanced his political integrity, he also added that his entire goal is to “make the West great again.”
Trump also told him he is confident that he will make a “very good agreement” with China, noting that representatives from Asian countries have already been in touch with “several times.” Based on this, he emphasized it. I hope to have an agreement with all countries in the next 3 or 4 weeks.
Tariffs promote higher prices for products and create the fear of teaching greater inflation and recession in the United States, as well as affected countries. That’s why expectations of a more enjoyable agreement on the economy can help improve the market.
Analysts say BTC is still too early to respond to the upward cycle
“It’s too early to say we’re still out of danger, as negotiations with our key commercial partners are still underway,” said Peter Chong, director of research. He explained that the still high treasure bonds and the value of weak dollars reveals persistent tension.
Similarly, for specialists, it is surprising that Bitcoin “resisted” in April. However, to resume the bullish cycle, the Federal Reserve, the US Central Bank, You need to maintain interest rates,claim.
“The rupture of Bitcoin exceeding US$87,000 is driven by an increase in global liquidity motivated by the expansion of M2 money supply and the updated institutional benefits highlighted by signs that further increase their holdings.”
Companies investing in Bitcoin such as Strategy and Metaplanet are buying more BTC While staying at record prices. At the same time, the provision of M2, a measure of money in circulation, continues to increase, contributing to more capital in the market.
In this panorama, the roads are paved for Bitcoin, although it depends on how the macroeconomic environment continues to develop. “Trump’s clarity about commercial tariffs is essential to stabilizing the broader market and strengthening investor trust,” John reached its peak.
(tagstotranslate)Bitcoin (BTC)
