- Bitcoin maintains slow sideways movement with current price at $94,000.
- Market sentiment shifted from greed to neutral zone.
- This marks what could be the final chance for traders to accumulate before the big pump.
The price of Bitcoin (BTC) continues in what looks like a bearish sideways movement, but to seasoned analysts this is a great opportunity for accumulation before an explosive pump over $110,000 BTC price. Bitcoin hit $108,000 as its latest ATH price exactly a week ago only to see a rapid decline in price.
Bitcoin Sits Below $100,000 as Market Sentiment Falls
The reason behind the dip was mostly panic selling during what many analysts believe to be a final shakeout before the super bull pump begins. Presently, the price of BTC lies at $94,231.49. Analysts expect Bitcoin to hit greater highs of $125,000, $135,000, $150,000, and eventually $200,000 in the coming new year.
As Bitcoin price failed to reclaim its previous ATH, many new traders fear that the crypto bull cycle has come to an end. In response to this, one prominent seasoned crypto trader known for his many accurate predictions makes a statement. As we can see from the post below he highlights a highly bullish sign in the current crypto market.
Market Shifts From Greed to Neutral in Bull Run Phase
The popular Doctor Profit says that anyone who believes that the bull market is nearing its end is a fool. He highlights how presently the price of BTC is below the $100,000 price mark. And despite this high BTC price, the market sentiment has just shifted from greed to the neutral zone and says ‘what a time to be alive’.
He says this because in bull cycles, neutral and fear zones are when accumulating more crypto is the way to see serious gains when the market flares greed and extreme greed. He is clearly thrilled to see that such sentiment came to be so far in the crypto bull run and expects to see explosive gains ahead for Bitcoin and the crypto market.
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