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The morale has risen #العملات.المشفرة finally after 18 days of severe fear.
After being in a state of extreme fear for 18 consecutive days, the index #الخوف.والجشع.في.العملات.المشفرة recorded a 28 (fear): its first rise since November 10.
Analysts say that these "extreme fear" areas have repeatedly recorded local bottoms for Bitcoin, and do not last long.
Nikola Duke points out that all previous readings of extreme fear were consistent with a bottom, and that sentiment data from Santiment is now generally trending upwards, as #بيتكوين has regained around $91,000.
Andrei Dragosh warns that the price of Bitcoin may be wrong due to recession expectations: describing today's situation as one of the most asymmetric risk-to-reward periods since the COVID pandemic.
The downside is limited as recession fears are already weighing on the price. The upside could be enormous!
The fluctuations fade away. The conviction wins.
#بتوايز
#FOMCWatch $BTC
$ETH
$XRP