Veteran analyst Peter Brandt sees similarities in Bitcoin’s current price actions and those from 2018. The BHLD model indicates potential for a parabolic rise. This signals an upcoming phase, sparking discussions on Bitcoin’s future trajectory.
The transition in the Fear and Greed Index from extreme greed to lower levels reflects market stabilization. As Bitcoin aims to reclaim its support at 95,668 USD, recovery towards 100,000 USD seems possible, provided profit-taking is held back.