With the lengthening of market cycle, expect the unexpected from Bitcoin
The Bitcoin market finally seems to have regained its footing, following the volatile deleveraging event last week as BTC’s price finally retested the $48,800 mark. Over the last week, Bitcoin prices were largely range-bound, between the lower $45,600, and higher $51,000 mark.
As BTC finally retested the $48,850 mark, the anticipation of a bullish turn increased in the market but was it too soon to expect that?
Another dip could knock the door
Fear and uncertainty still gripped the BTC market ahead of a key Fed meeting. The Crypto Fear & Greed Index stood at 28/100, up from the Tuesday low of 21/100, presenting a transition from ‘extreme fear’ to ‘fear’ further reflecting the market sentiment for BTC.
However, looking at the Realized Cap’s 7D
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