Sentiment is now fully reset

in #bitcoin • 3 days ago

Bitcoin in the Fear Zone again

This is good news going forward.

We have a sentiment and leverage reset.

image.png

(Source: https://x.com/BitcoinMagazine/status/1978523337228775494/photo/1)

Hopefully this means new highs soon.

#crypto #news #steemit #life #blog #investing #stats
3 days ago in #bitcoin by
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     yesterday 

    It's concerning for sure.

    https://colintalkscrypto.com/cbbi/

    My main concern is that even when we hit 69K last cycle it was like an 82 on the CBBI and we have hit 83 on 3 occasions this cycle. Last time we hit that early parabolic accent but later in the year we never popped off.

    It legit might not recover. People are out of money.

    I still think we have one more shot at a day in the sun but it isn't looking great.

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