Bitcoin Charts Update: Bitcoin goes to 35k

BITCOIN FEAR AND GREED INDEX NOW ON NEUTRAL AS CONFIDENCE ON THE MARKET RESURFACES

BITCOIN ON-CHAIN CHARTS UPDATE (2/8/2022)

After so many years! (or at least that’s how it felt 😅) Bitcoin is now back up to the $40k level. Looking at the chart below, since we hit as low as $32k last Jan 24, Bitcoin has been steadily recovering. Roughly 2 weeks later, we’re up by 35%!

Source: TradingView

Bitcoin Fear and Greed Index is now on Neutral after being on Extreme Fear for the last weeks.

Fear and Greed Index: Neutral

Also, Bitcoin Puell Multiple is showing great signs of recovery on the market. It’s currently trying to break out of range. Should that happen, it could be another run-up to a new all-time high, hopefully!

Bitcoin weekly, daily and hourly timeframes have been suggesting we’ve bottomed now. I’d say it’s good to buy back now before we flip on the greed side, but be sure to catch the dip and don’t feel FOMO’d out.

What are your thoughts on this chart? Comment down below.

For more charts relevant to market top readings, stay tuned. 😉

DISCLAIMER: THIS IS NOT FINANCIAL ADVICE.


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Elisa A.

Elisa is our Head of Market Analysis at Rocket Crypto X

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