- With the Fear and Greed Index showing extreme greed signals, BTC is moving closer to the $45K mark.
- Santiment reported that the number of existing 100+ BTC wallets has correlated tightly with this price climb.
- Ichimoku Cloud confirms bullish sentiment as BTC’s green candlesticks continue to grow.
With the Fear and Greed Index showing extreme greed signals, BTC is moving closer to the $45,000 mark as level traders and analysts are keenly observing its momentum. Bitcoin is currently priced at $43,858.22 after experiencing a surge of 5.17% in 24 hours. At the time of writing, the king of cryptocurrencies was able to record a 15.27% spike after continuously experiencing surges daily.
Santiment, a market intelligence platform, reported that BTC has reached the $44K mark today. Moreover, the platform highlighted, “The amount of existing 100+ BTC wallets have correlated tightly with this price climb.” Looking at the chart provided by Santiment, it highlights that by early to mid-November BTC whale wallets shrank; however, the prices continued to rise.
The market intelligence platform pointed o…
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