Bitcoin’s Greed Zone As We Approach 100K
Another day, another all-time high. This post is to give you a quick update on the Bitcoin Temperature.
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🌡️ Bitcoin Temperature
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Bitcoin Metrics
At 3.9, the Bitcoin Temperature is now firmly in the Greed zone. It is at the highest level since I started calculating it. This does not mean I am bearish about Bitcoin. To the contrary, I have never been more bullish. All the stars have aligned for Bitcoin - unprecedented support in the Trump government, a long consolidation bear phase in the past 1 year, and decreasing interest rates.
The Bitcoin Temperature can help you make buy/sell decisions to manage risk. To reiterate, if you have a high level of risk in your investments or savings, this is a great time to sell some Bitcoin and create a buffer for black swan events.
In the end, no one can predict the future, and all assets are cyclical and move between fear and greed phases. The Bitcoin temperature tells you which phase Bitcoin is currently in.
A great investor is optimistic about their investments but pessimistic while managing risk. This is a fantastic opportunity to manage risk while continuing to be a long-term Bitcoin investor.
Hope to see you at 100k soon :).
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See you in the next block.
Sandeep Goenka
DISCLAIMER: I am not a certified financial advisor. This newsletter should not be considered financial advice and is for information purposes only. Please do your research.
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