Bitcoin (BTC) Holds above $41,000 after consolidating Friday’s Breakout
With the Bitcoin Fear & Greed Index continuing its upward trend, a hold of $41,000 levels would support a run at $43,000 levels today.
Following Friday’s 11.41 percent gain, Bitcoin (BTC) remained around $41,000 on Saturday. Finding support at $41,000 and dipping to a day low of $40,963 was critical for the day.
Bitcoin’s fortunes have shifted as a result of last week’s tech market meltdown and late-week comeback. However, a lot of unfavorable issues for Bitcoin and the larger crypto sector persist. These include the possibility of a shift in the global crypto regulatory environment, increasing scrutiny of Proof-of-Work mining, FED monetary policy, and geopolitical risk.
Bitcoin fell 0.41 percent on Saturday, finishing the day at $41,418. Bitcoin reached an early high of $41,954 before sliding back into a rather range-bound day.
Bitcoin Fear & Greed Index Continues Upswing
Despite Bitcoin’s little setback on Saturday, the Bitcoin Fear & Greed Index continued to rise.
The Index increased to 37/100 this morning after breaking out of the red zone on Friday for the first time since late December. This is the highest level since the 28th of December, when the Index was…
