Crypto Daily – Mt. Gox creditors aren’t selling their , and the Spot Bitcoin ETFs continue to buy for the institutions. Technical indicators are signalling a sea change – is the Bitcoin price set for lift-off?
Bitcoin holders not selling – Fear is dissipating
A sea change is rolling across the entire cryptocurrency market. The much-feared sell-offs from well-known entities don’t appear to have materialised in any great amounts. Savvy creditors who have received their Bitcoin are perhaps speculating that this Bitcoin bull market is by no means over, and are holding firm.
The Fear and Greed Index, which puts a score to various market trends, was deep into the fear yesterday, at a score of 26. However, one day later, this score, although still in Fear, has shot up to 39. Greed cannot be far off.
Bitcoin breaks out of triangle
In the short term time frame, the $BTC price has broken out of a triangle, and looks to have successfully retested the breakout….
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