Bullish For Bitcoin? Important Indicators Shift as Prices Head South

Bullish For Bitcoin? Important Indicators Shift as Prices Head South

TL;DR
Recent market corrections have led to a decrease in enthusiasm among traders, with discussions shifting from a “bull market” to a “bear market” mindset.
However, this sentiment could ironically suggest an impending bullish trend.

Enthusiasm Goes Down
The latest cryptocurrency market correction, which saw Bitcoin (BTC) dipping to a two-month low of $60,000 and Ethereum (ETH) tumbling below $3,000, has affected the general feeling of traders and investors.
According to the market intelligence platform Santiment, the phrase “bull market” is not so popular anymore among the crypto community, replaced by increasing “bear market” mentions. 
The Bitcoin Fear and Greed Index, representing the current sentiment of the crowd, has also headed south. Today (April 18), it points at 57, the lowest level since the end of January.
On the other hand, Santiment reminded that the community’s bearish shift may indicate a bullish move for the crypto market since “historically,

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We współpracy z: https://cryptopotato.com/bullish-for-bitcoin-important-indicators-shift-as-prices-head-south/

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