Greed

bullish

Bitcoin

Billion

<ul class="wp-block-list">
 <li>Bitcoin (BTC) price reclaims the $95,000 price range.</li>  
 <li>This move brings back an extreme greed sentiment for the crypto market.&nbsp;</li>  
 <li>Analysts expect $100,000 to arrive soon followed by a gradual cycle top price.</li> 
</ul>  
<p><a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC) price</a> has reclaimed the $95,000 price range after a short dip closer to the $90,000 price range. Standing at the mid-range of a $90,000 price mark, Bitcoin has reignited an ‘Extreme Greed’ sentiment with a score of 77 according to the <a href="https://alternative.me/crypto/fear-and-greed-index/#google_vignette" target="_blank" rel="noopener noreferrer nofollow">Crypto Fear &amp; Greed Index</a>. With targets set on the $100,000 price mark, bullish&nbsp; BTC sentiment remains strong.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-bitcoin-reclaims-95-000-reigniting-bullish-sentiment">Bitcoin Reclaims $95,000 Reigniting Bullish Sentiment</h2>  
<p>While seasoned analysts say the dip in BTC price was a healthy correction phase for Bitcoin before the <a href="https://cryptonewsland.com/bitcoins-recovery-following-the-current-dip-will-ignite-a-super-cycle-pushing-altcoins-to-new-aths/" target="_blank" rel="noopener noreferrer nofollow">inevitable pump to 6-digit ATHs</a>, many new traders and FUDers in the space allowed fear to cloud their view of the bigger picture and ended up selling their BTC gains int he past few days.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/DrProfitCrypto/status/1861870878570537442
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-5-billion-worth-of-losses-sold-in-bitcoin">$5 Billion Worth of Losses Sold in Bitcoin</h2>  
<p>As we can see from the post above, investors have sold over $5 billion worth of Bitcoin (BTC) at a <a href="https://cryptonewsland.com/btc-yield-5x-gains-thanksgiving-day-massacre-of-2020/" target="_blank" rel="noopener noreferrer nofollow">loss in the last few days</a>. The analyst sees this incident as a sign that the market is not bullish enough for the arrival of $100,000 possibly delaying its arrival. The analyst expects to see more diamond hands than paper hands as the $100,000 BTC ATH moment inches closer.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Washigorira/status/1861714917830574445
 </div>
</figure>  
<p>Another analyst adds to the same bullish narrative for Bitcoin saying that a Bitcoin cycle top is still a long way away. As we can see from the post above, he says that a cycle top isn’t likely until the MA111 crosses above the MA350*2. The crossover will either mark the peak or will signal it is near.</p> 
<p>The post <a href="https://cryptonewsland.com/5-billion-worth-of-bitcoin-btc-sold-in-loss-by-paper-hands/" rel="noopener noreferrer nofollow">$5 Billion Worth of Bitcoin (BTC) Sold in Loss by Paper Hands During Latest Correction Phase</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

$5 Billion Worth of Bitcoin (BTC) Sold in Loss by Paper Hands During Latest Correction Phase

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