{"id":432435,"date":"2020-07-28T12:30:41","date_gmt":"2020-07-28T12:30:41","guid":{"rendered":"https:\/\/uniquehot.com\/?p=432435"},"modified":"2020-07-28T12:30:41","modified_gmt":"2020-07-28T12:30:41","slug":"crypto-fear-and-greed-index-turns-to-extreme-greed-is-now-the-time-to-sell","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-fear-and-greed-index-turns-to-extreme-greed-is-now-the-time-to-sell\/","title":{"rendered":"Crypto Fear and Greed Index Turns to Extreme Greed, Is Now The Time to Sell?"},"content":{"rendered":"

Some analysts renewed their expectations of a crypto bull run following Bitcoin’s<\/a> 11% gains yesterday.<\/p>\n

Resistance at the $10.5k level has proven difficult to break, having been rejected there on several previous occasions. But yesterday’s rally cut through $10.5k with ease, bringing a daily candle close at $11,030.<\/p>\n

\"Bitcoin<\/p>\n

Bitcoin daily chart with volume. (Source: tradingview.com<\/a>)<\/pre>\n
Despite that, the macroeconomic outlook remains uncertain. This leads some to question whether crypto, along with stocks, are caught in a bubble.<\/p>\n
What’s more, the Crypto Fear & Greed Index is currently showing a reading of 76, or extreme greed.<\/p>\n
\"crypto<\/p>\n
Source: alternative.me<\/a><\/pre>\n
A reading of extreme greed often acts as a counter indicator, suggesting that yesterday’s rally could be short-lived.<\/p>\n
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Greed is up big time in the last 48 hours for #bitcoin<\/a>, maybe time to take a break orange coin pic.twitter.com\/8j5DiZDeyW<\/a><\/p>\n
— Lark Davis (@TheCryptoLark) July 28, 2020<\/a><\/p><\/blockquote>\n