The fear and greed index stabilizes in the cryptocurrency market, and #BTC still dominates liquidity by more than 65%. It continues to rise, with expectations pointing to it reaching $96,000 tomorrow or the day after, followed by a correction between the $88,000 to $92,000 range before potentially surpassing its previous peak at $108,000.
If this happens, we may witness an explosion in the cryptocurrency market during the remaining days of April that exceeds previous peaks.
It is worth noting that liquidity has increased from $2.73 trillion today to $2.91 trillion, an increase of $173 billion. The liquidity value in the cryptocurrency market is expected to rise to the previous peak of $3.4 trillion if the forecasts proceed according to current readings.
Despite the optimistic analyses, there is a possibility of other forecasts indicating a return of Bitcoin, where it may touch previous lows of $82,000 and $77,000 in a corrective process, followed by an explosion that achieves a new historical peak for Bitcoin.
Therefore, everyone should trade cautiously, as the market is experiencing fluctuations and is not stable amidst global changes, especially the US-China trade war. Any development in this issue could push cryptocurrency markets to achieve new peaks if there is a positive shift in Chinese-American relations; otherwise, the opposite will occur.
This is not financial advice; do your own research.
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