• The price of Bitcoin continues to dwindle leading to falling market sentiment. 
• The Crypto Fear and Greed Index fell to a score of 50 marking ‘Neutral’ sentiment. 
• Analysts remain highly optimistic and view this as a golden opportunity to accumulate.

The Crypto Fear & Greed Index falls to a score of 50 marking ‘Neutral’ sentiment after a long few months of ‘Greed’ and ‘Extreme Greed’ months. While this shows a spike in FUD sentiment, seasoned analysts view this move as a golden opportunity to accumulate and prepare for the parabolic pumps ahead. 

Market Sentiment Falls to Neutral

In particular, Q1 of 2025 is expected to usher in the golden phase of this bull cycle’s altseason. Similarly, many reputed analysts expect Bitcoin price to retake its precious ATH of $108,268.45 and continue to surge to hit plenty of new ATHs before hitting its cycle peak price for this ongoing bull cycle. 

As we can see from the post above, this analyst marks how Bitcoin price has dwindled to the bottom of its $91,000 to $101,000 sideways movement range. He expects the asset to hold the $91,000 support to avoid falling further and slipping to an even lower downside. That move would only deepen the asset’s multi-week corrective period. 

Analysts Remain Highly Optimistic

Meanwhile, another reputed analyst reminds the crypto market that the Bitcoin bull cycle is very much still in play. He says that as long as BTC price maintains a monthly close above the 38.2% Fib retracement level, the bullish momentum stays intact. He also draws light to how BTC surged by 120% between August to December and says that a corrective phase was only natural before another rally. 

The post Neutral Market Sentiment Takes Over as BTC Price Fails to Show Any Signs of Pumps, Analysts Remain Bullish appeared first on Cryptonewsland.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed