BTC continues to show strong bullish signs, with the Fear and Greed Index reaching an extreme greed level of 83.
Bitcoin showed strong bullish signals, with high dominance and investor confidence at an extreme level.Bitcoin
At press time, Bitcoin traded at $98,503.78, down 0.85% in the last 24 hours. While this suggests a strong bullish trend, it raises questions about Bitcoin’s ability to sustain this momentum or face a market correction.Bitcoin dominance was 54.5% at the time of writing, reflecting its significant influence over the overall crypto market. However, it saw a daily drop of -3.5%, which indicates a potential shift in altcoin interest.
Therefore, closely monitoring Bitcoin dominance will provide insight into market trends and any possible changes in dominance dynamics.Bitcoin’s Network Value to Transaction golden cross experienced a notable 7.84% one-day surge, reaching 2.6. This surge signifies a growing investor interest in Bitcoin’s valuation compared to transaction volume.
Such activity indicated stronger investor interest and a higher likelihood of continued bullish trends.
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