Market Greed Dominates With Bitcoin Rise: The Top Of The Last 16 Months

Bitcoin (BTC) has gained more than 70% in value since the beginning of 2023, while the Crypto Fear and Greed Index (FGI) has reached its highest level in the last 16 months.

According to data from Alternative.me, during the period when the bear market was most deeply felt 6or regressed FGI, with the rise of Bitcoin for several months over 60 had reached the level of greed. of bitcoin 28 thousand dollars FGI reached its highest level since November 2021. it was 68.

Both Bitcoin in the resistance zone to be both greed level, many investors to be shy while some investors say that the bull season greed noting that the level of the rise will continue is thinking.

On the other hand, the US Federal Reserve (FED) interest rate decision to be announced tomorrow, Bitcoin’s direction It is thought to be quite effective. Due to the banking crisis appearing as an alternative Bitcoin, interest rate decision to be announced tomorrow if it falls below expectations can continue to rise.

BTC, at the time of writing, according to CoinGecko data 28,220 from dollars is being traded.

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