Lens1000
VIP Contributor
Bitcoin and other cryptocurrencies have recovered from the long lasting extreme fear region. The extreme fear lasted for months after the bitcoin reached the all time high price of $64000.
The bullish movement surfaced at the weekend moving past the $36000 price. Bitcoin as been riding on a rough terrain for months and not breaking the resistance around $32000 in weeks until the this weekend.
It's important to note that bitcoi as not fully recovered from the fear index , it managed to escaped the extreme fear index. This connotes that it is not completely out of the woods as it is still the fear territory.
Bitcoin recently faced one of the longest stretch of the extreme fear in the cryptocurrency history. It managed to upturn the long lasted lows at the weekend making the price to go a little above $36000.
What do you think is responsible for the price hike in bitcoin and other cryptocurrencies?
The bullish movement surfaced at the weekend moving past the $36000 price. Bitcoin as been riding on a rough terrain for months and not breaking the resistance around $32000 in weeks until the this weekend.
It's important to note that bitcoi as not fully recovered from the fear index , it managed to escaped the extreme fear index. This connotes that it is not completely out of the woods as it is still the fear territory.
Bitcoin recently faced one of the longest stretch of the extreme fear in the cryptocurrency history. It managed to upturn the long lasted lows at the weekend making the price to go a little above $36000.
What do you think is responsible for the price hike in bitcoin and other cryptocurrencies?