The most recent Bitcoin-Rally, who once again drove the course on Thursday since the beginning of March, over the $ 90,000 mark, has briefly raised the mood at the Kryptomarkt to a two-month high. But the euphoria only seems to fizzle out a few days later. What is behind it?
On April 23, the Crypto Fear & Greed Index reached the “Gier” zone-driven by Bitcoins jump over 90,000 dollars with 72 out of 100 points. But just two days later, on April 25, the index falls to 60, although the Bitcoin course still commutes around $ 93,000. A similar mood level was last recorded on February 4 when US President Donald Trump introduced new tariffs and Bitcoin slipped below $ 100,000.
alternative.me Krypto Fear & Greed Index
Analysts careful
Some experts remember caution. Markus Thielen, research manager at 10x Research, sees the rally skeptically: “Our indicator of the issue of stable coins does not yet show a high level of activity, which is why we doubt the sustainability of the current upswing.” Analysts from Bitfinex also remain reserved and emphasize that Bitcoin's strength compared to US shares is noticeable, but not yet to be regarded as structurally confirmed.
But…
Analyst opinions come and go, but the chart shows the facts soberly. This shows that Bitcoin has increased again over the $ 92,000 mark and has thus recaptured a significant level. Thanks to this upswing, the course has also overcome the GD50 ($ 84,500) and the GD200 ($ 88,860). That gives additional tailwind. The next resistance is now $ 100,000.
Tradingview Bitcoin tart
The current Bitcoin rally has stimulated the market. The analysts are not yet sure, but the chart clearly shows what is going on. Investors therefore remain on board.
All information in Bitcoin Report
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Reference to conflicts of interest
The board and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, is directly and indirectly positions about the subsequent financial instruments mentioned in the publication or this received from the derivatives related to the publication that can benefit from the publication: Bitcoin.
