New High Levels for Bitcoin
Feb, 2024

New High Levels for Bitcoin

Bitcoin’s price reaches $49,000 and the joy in the market is more than evident in the last 24 hours.


The market has to see this number from December 2021, when the price started to fall down from the all-time high level at $69,000, in November of the same year.


We should also focus in the Fear & Greed Index, which shows the investors’ momentum at the exact moment. Right now, the index lays at 79 / 100, the same value when the price hit the all-time high level at $69,000.


So, we expect to see how the market will react in the psychological frontier of $50,000. Will it try to break the frontier with force and look again towards $69,000 or will it stop and wait for the next positive story that will shape the direction in the next periods ?


Every week is full of surprises……….


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