Good evening. As I write, bitcoin bounced beyond 42K a bit, and is holding just below 44K USD/BTC. The Bitcoin Fear and Greed Index has not changed much since yesterday despite the gain in price. At 8:00 PM New York City time on Wednesday, January 12th, the infamous Twitter account Bitcoin Fear and Greed Index @BitcoinFear posted that the index score was = 21. That is a loss of 1 point from the same time 24 hours ago despite the gain in price. The index categorization remains unchanged at the level of "extreme fear" since the same time yesterday. Since 24 hours ago, the price has changed from $42,843 USD/BTC (at the time index = 22 was posted yesterday) to today's (January 12th) price = $43,872 when the index = 21 was posted.
Below is a 1-year chart for the Bitcoin Fear and Greed Index
As you might have heard a "death cross" is approaching. I read that somewhere around 8 previous death crosses that were similar have occurred, and, that 4 were good results with Bitcoin going up, and 4 were bad with Bitcoin going down. No one knows really, so hang in there, be smart, and do your own research! In the meantime let's hope Bitcoin and all the other meaningful cryptos continue to push upwards.
Cheers friends.
