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Bitcoin Gets Overbought Pointing to a Brief Pullback
The BTC/USD pair continued rebounding as sentiment in the crypto industry improved. Bitcoin price crossed the important resistance point at $30,000, which was much higher than this month’s low of $24,735. Fear and greed rise Bitcoin prices continued rising as sentiment in the crypto industry jumped. Data shows that the crypto fear and greed index jumped to the greed zone for the first time since May this year. The fear and greed index by CNN Money soared to the extreme greed zone of 75. Greed in the crypto industry has been fueled by the recent decisions by large companies to seek exposure to the industry. Last ... (full story)