Fun

Bitcoin Market May ‘Cool Off’ In 4 To 6 Weeks — But Here’s What Needs To Happen

News Feed - 2025-03-23 04:03:26

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Over the years, investor sentiment has been one reliable way to analyze the Bitcoin and cryptocurrency market. Based on recent on-chain data, an analyst has pointed out how the changing investor sentiment could affect the world’s largest cryptocurrency over the next few weeks. Can BTC Price Charge To New All-Time High?


In a recent post on X, crypto analyst Axel Adler Jr explained how the Bitcoin market dynamics could significantly shift in the coming weeks. This projection is based on recent changes in the “Bitcoin Fear and Greed Index. Related Reading Ethereum Price Nears Major Resistance At $2,200, Why A 13% Crash Could Follow 1 day ago


The Bitcoin Fear and Greed Index refers to a metric that aggregates the average sentiment of investors in the BTC market. The indicator is divided into five zones, including extreme fear, fear, neutral, greed, and extreme greed.


Extreme fear signals that traders and investors are moving with high caution, while extreme greed suggests an overheating market condition with traders flooding in with new positions. Historically, periods of extreme fear have been correlated with market bottoms while price corrections usually occur during extreme greed.


According to Adler Jr., the 90-day simple moving average (SMA) of the Bitcoin Fear and Greed Index has fallen by approximately 22 percentage points over the past two months. This decline has seen the BTC metric shift from extreme greed to a more moderate level of greed. Source: @AxelAdlerJr on X


Going further, the on-chain analyst mentioned that if the Bitcoin Fear and Greed Index drops by another 10 to 15 points in the near future, the market may experience a cooling-off period where participants could have become accustomed to negative factors and emotional price movements may even subside.


Adler Jr added in his post: At the current pace, it may take approximately 4 to 6 weeks for the index to drop by an additional 10–15 points.


The analyst also highlighted that the 30-day (monthly) moving average appears to be reaching a local bottom, one seen at the end of the Bitcoin price correction to $54,000. The last time the Fear and Greed Index monthly SMA reached this level, the premier cryptocurrency climbed to a new all-time high price. If this historical pattern holds, investors could see the BTC price break out of its consolidation range. Bitcoin Price At A Glance


As of this writing, the price of BTC is just beneath the $84,000 level, reflecting a 0.5% decline in the past 24 hours.  Related Reading XRP Price To $27: Why Current ‘Boredom Phase’ Could Trigger Epic Rally 1 day ago The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView Featured image from iStock, chart from TradingView

News Feed

Voyager Digital Buys European Crypto Exchange Focused on Institutional Investors
Voyager Digital Buys European Crypto Exchange Focused on Institutional Investors Crypto-asset broker Voyager Digital Ltd is buying LGO Markets, a French cryptocu
China Releases Year-End Crypto Rankings
China Releases Year-End Crypto Rankings China’s Center for Information and Industry Development has published its year-end crypto project rankings. Thirty-five projects wer
Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in ‘Stolen Bitcoin’
Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in "Stolen Bitcoin" Craig Wright, the individual that claims to be Sato
Bitcoiner Loses Password to 7,002 Bitcoins Worth $240 Million
Bitcoiner Loses Password to 7,002 Bitcoins Worth $240 Million A bitcoiner has shared his story of how he lost access to his 7,002 bitcoins, worth about $240 mill
Full decentralization will happen in a few years — Layer-2 rollup teams
Christopher Roark10 hours agoFull decentralization will happen in a few years — Layer-2 rollup teamsSeveral layer-2 rollup teams, including those for Linea, zkSync, Arbitrum and Optimism, claimed that full decentraliza
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
‘Fiat Is Fragile’ — Silicon Valley Bank"s Collapse Sparks Finger-Pointing and Concerns of Contagion Silicon Valley Bank (SVB) has become the center of attention after its col
IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender
IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender The International Monetary Fund (IMF) has warned against adopting cryptocurrencies, like bi
What the CFTC Chairman Actually Said About Ether Futures and Ethereum 2.0
The Takeaway: CFTC Chairman Heath Tarbert said last month that ether is a commodity, and he expects to see regulated ether futures in the U.S. in the next six months. The ethereum network is expected to transition from i
American retailer Target to roll out AI chatbot in US stores by August
Brayden Lindrea3 hours agoAmerican retailer Target to roll out AI chatbot in US stores by AugustThe AI chatbot, Store Companion, will be used on handheld devices, providing staff members with immediate answers to any wor
Marcel Pechman5 hours agoHow Argentina’s inflation is helping altcoins and the crypto marketCointelegraph analyst and writer Marcel Pechman explains how Argentina’s 150% inflation is actually helping the altcoin mark
Bitcoin’s Ordinals, Runes key to solving the mining subsidy problem: ViaBTC
Brayden Lindrea6 hours agoBitcoin’s Ordinals, Runes key to solving the mining subsidy problem: ViaBTCEach Bitcoin halving sees Bitcoin miners rewarded with a smaller block subsidy, but ViaBTC is optimistic that innovat
Ana Paula Pereira6 hours agoa16z suggests Machiavelli to fix decentralized governanceIn a blog post, a16z’s Miles Jennings discusses how DAOs can avoid power centralization by applying Machiavelli’s principles.840 To