Over the last week, the Bitcoin Dominance Index rose by almost 2% to 65.7%. The Crypto Fear & Greed Index has increased by one point in the previous 24 hours, remaining in the “extreme fear” area. According to its creators, this indicates a right moment for purchase. The RSI index is in the neutral zone, after oversold, also giving a signal to buy. As unpleasant as it may be for crypto enthusiasts to realize this fact, but the situation around the epidemic, stock market, and central bank incentives will have a powerful impact on prospects for Bitcoin and the entire crypto market.
The FxPro Analyst Team