Feb. 18 at 12:26 AM
$BULL $BTC.X In the old days when you saw a bear on the cover of Time ( rag mag) magazine, it was the end of the bear market. Bitcoin has been trading in a range but seems orderly but
$HOOD and my precious
$BULL has been beaten liek a white baby seal ( If you don't get that reference , you're young). So..... this index below could be that bear on the cover of the mag. I hope
The Bitcoin fear and greed index hit a record low of 5, indicating extreme market fear. Bitcoin's on-chain supply in profit neared 50%, with
$360 million in ETF outflows this week.
Bitcoin trades between the 200-week simple moving average at
$68,300 and the exponential average at
$58,400, with
$58,000 to
$65,000 seen as key support.
New legislation seeks to grant the CFTC control over digital commodities like Bitcoin, introducing a 180-day registration period for exchanges to reduce market regulatory uncertainty.
