Why Bitcoin's next breakout may not be an altcoin season signal
Cointelegraph
Published Jun 05, 2021 07:00PM ET
Updated Jun 05, 2021 08:40PM ET
On April 14, Bitcoin (BTC) reached a $64,900 all-time high after accumulating 124.5% gains in 2021. However, a 27.5% correction followed over the next eleven days, marking a $47,000 local bottom.
The popular Crypto Fear and Greed Index reached its lowest level in 12 months on April 25, signaling that investors were closer to "extreme fear," which was a complete reversal from the "extreme greed" level seen during the Bitcoin rally above $60,000.
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Written By: Cointelegraph
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