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Bitcoin Fear & Greed Index Points to a BTC Return to Sub-$20,000

From fxempire.com

On Monday, bitcoin (BTC) declined by 1.49%. Following a 2.06% fall on Sunday, bitcoin ended the day at $20,718. A bullish morning saw bitcoin rise to a high of $21,505 before hitting reverse. Falling short of the First Major Resistance Level at $21,605, bitcoin slid to a low of $20,553. Bitcoin briefly fell through the First Major Support Level at $20,716 before a partial recovery to $20,718. Following the NASDAQ 100 effect from last week, we anticipated further influence at the start of the week. Early in the session, the NASDAQ delivered bitcoin support before a late reversal. Bitcoin tracked the NASDAQ into the ... (full story)

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  • Category: Fundamental Analysis