Psychology "extreme greed" enveloped the market when the price of bitcoin exceed

[tunaduong]

According to Alternative.me data, the current sentiment of the cryptocurrency market is showing "extreme greed - or extreme greed," according to the Crypto Fear & Greed Index.

The index has reached 91 points, which is the highest level since June 26, 2019. While about a month ago, it showed "fear", at around 50 points.

The fact that the index rose to such highs was due to the price of bitcoin pushing past $ 18,000.

"Extreme greed" arose when bitcoin was predicted by many experts and analysts that it would retest its $ 20,000 high by the end of the year.

Although currently, the bitcoin price has decreased slightly from a high of nearly $ 18,400 reached on November 18, the coin remains above $ 17,000.

Such a rapid rise in price could cause the source of BTC buying to increase rapidly and this shows the absolute dominance of BTC in the crypto market today !!

There are only two months left until volatile 2020 comes to an end.Do you think the current value of BTC could reach its peak price of $ 20,000 by the end of 2017? or it could go up further or decrease rapidly.

Now we will guess how much BTC price will peak in 2020 !!!

[Fesatmas]

Let me assume, and my assumption based on expectations is not the current analysis of bitcoin data. so i am not a specialist in bitcoin price analysis
   I do agree, however, that bitcoin will hit a price tag of $ 20,000, and the start of the year will really exceed that, but not that far. Regardless of whether this assumption is correct or not, I will not feel guilty.

[vaultman]

I am sure that after the new year the price will definitely be higher than $20.000. In early January, the cryptocurrency grows in price every year. In any case, bitcoin will be above 20 thousand usd, it's only a matter of time.

[Argoo]

Now there is a very favorable situation for the further price growth of bitcoin and the cryptocurrency market in general.  Bitcoin has already risen in price above $ 18,000.  He is able to overcome the remaining two thousand dollars in a few days, that is, even before the beginning of December.  This is in theory.  Nobody knows how it will be in practice.  Bitcoin is capable of bringing any unexpected surprises.

[hatshepsut93]

All these indicators are usually so lagging behind that they pretty much pointless for trading. If  they could have predicted a $18k price back when we were at $10k for months, that would have been impressive, but all what they say is the current situation on the market, no the future. If right now Bitcoin is repeating the same pattern as before, this all could just be the beginning and the price can keep climbing for a long time.

[hd49728]

Price action and psychology or emotion of retail investors and amateur traders can bring very surprising money and liquidation that can help bitcoin rises more to any price we can not predict. When their greed turn into fear again and their orders are all liquidated, bitcoin will be corrected seriously and it will need another months of accumulation to get enough momentum for the next run.

If you believe in greed and fear index, is it time to think of take profit for your bitcoin?