The greed and fear index has moved to a “neutral” zone, indicating that the buyers’ demand is decreasing. However, as we can see, the demand is still enough to help the asset. RSI after a slight decline from the overbought area has stopped falling again and is aiming upwards. According to Whale alert, on February 4, 50M BTC ($458M) was moved to Bittrex crypto exchange which may indicate that traders are ready to sell the asset.
The FxPro Analyst Team