Somrat4030
Member
The crypto market was trading mixed on Wednesday morning, with Bitcoin trading in the red. The price of Bitcoin broke above $57,000 on Monday, but pulled back on Tuesday.
Analysts said the extreme buying could mean the rally is running out of steam. On Wednesday morning, the coin was trading marginally above $56,000, down over 1 percent in the last 24 hours. It has risen nearly 10 percent in the last seven days.
Experts also pointed out Bitcoin Fear and Green Index is at the highest level since early September, in the 'extreme greed' category.
So, what do you think about it?
Analysts said the extreme buying could mean the rally is running out of steam. On Wednesday morning, the coin was trading marginally above $56,000, down over 1 percent in the last 24 hours. It has risen nearly 10 percent in the last seven days.
Experts also pointed out Bitcoin Fear and Green Index is at the highest level since early September, in the 'extreme greed' category.
So, what do you think about it?
