Crypto Market Remains Greedy Despite Bitcoin Price Crash To $94,000, Is A Recovery Coming?

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Crypto Market Remains Greedy Despite Bitcoin Price Crash To $94,000, Is A Recovery Coming? - NewsBTC

Quick Summary:

Analysts attribute this correction to profit-taking by a few long-term holders and a temporary slowdown in market activity. Crypto Market Sentiment Stays In Greed Despite recent price declines, HODLing trends suggest that the cryptocurrency market remains on track to sustain its rally into 2025.

Related Reading: Bitcoin Price Retests Support Line After Crash Below $95,000, Here’s The Next Target At the time of writing, the Crypto Fear and Greed Index, according to alternative.me, is at a reading of 72, which is in the Greed threshold.

Amidst the price decline and market optimism, the Crypto Market Fear and Greed Index continues to point to greed, which leans toward the idea of a momentary dip before a broader recovery.