Sentiment speculation
We already went through the 5 stages of grief. Sentiment now seems rather neutral.
There is a chance this uptrend is caused by people thinking BTC is like gold, hedging the Corona news.
More FUD could therefore easily make the exuberant move outlaid with the green line while a calming-down limits the upside.
Disclaimer: I don't think bitcoin itself is really useful or that it serves any valuable purpose. Like gold, yeah, but the latter is still universally accepted as a thing of worth. Hey, people even trade negative yield bonds, so why not bitcoin?
There is a chance this uptrend is caused by people thinking BTC is like gold, hedging the Corona news.
More FUD could therefore easily make the exuberant move outlaid with the green line while a calming-down limits the upside.
Disclaimer: I don't think bitcoin itself is really useful or that it serves any valuable purpose. Like gold, yeah, but the latter is still universally accepted as a thing of worth. Hey, people even trade negative yield bonds, so why not bitcoin?
Nota
Sentiment turning positive, alts being exuberant. The latter makes me think we're gonna retrace this uptrend. Yet again.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.