The Crypto Fear & Greed Index grew by 4 points during the last 24 hours, remaining in the “fear” area. Having gained support on 200 SMA at $8,500, Bitcoin is still in good shape. On the technical side, there is already a decrease in the hash rate in the network. In the coming weeks, there will likely be the first wave of disconnections of ASICs, the difficulty will be corrected, and the miners will start to withdraw their assets from the market to cover losses or due to leaving the market.
The FxPro Analyst Team