On December 29th, the Asian session saw Bitcoin break through $90,000, with a 24-hour increase of 2.55% to $90,009. This wave of market movement is not just about a single coin; the entire crypto market benefits, with market capitalization increasing by $80 billion in one go, now standing at $3 trillion. Bitcoin's market dominance also rose to 59%.
From a technical perspective, the short-term MACD signal is indeed very strong, and short-term momentum is good. But this is only half the picture—the daily chart still shows a weak pattern, with prices fluctuating below key moving averages, indicating that medium- to long-term development will still take time.
What’s interesting here is: the market sentiment index remains in the extreme panic zone of 24-30, yet prices are already pushing upward. This divergence between sentiment and price often signals a potential opportunity window in history. Simply put, when the market is extremely pessimistic, it’s often a good time to accumulate.
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0xSoulless
· 8h ago
Another signal of a new round of retail investors getting caught? Panic selling driving the price up. Basically, it's the big players accumulating shares.
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GasOptimizer
· 8h ago
Extreme panic is actually accumulating; we've seen this routine too many times. Let's see who can hold on.
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NftMetaversePainter
· 8h ago
actually, the algorithmic divergence between sentiment indices and price action here—it's precisely what i've been exploring in my latest generative series on blockchain primitives and market psychology. the hash values embedded in fear cycles are genuinely beautiful if you understand computational aesthetics
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SellLowExpert
· 8h ago
It's another divergence, those in the know understand. The fear index is still holding strong, but the price is quietly climbing. History repeats itself.
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DeepRabbitHole
· 9h ago
$90,000 broken, but I still don't dare to go all in. The daily chart's breakout pattern really keeps me on edge.
On December 29th, the Asian session saw Bitcoin break through $90,000, with a 24-hour increase of 2.55% to $90,009. This wave of market movement is not just about a single coin; the entire crypto market benefits, with market capitalization increasing by $80 billion in one go, now standing at $3 trillion. Bitcoin's market dominance also rose to 59%.
From a technical perspective, the short-term MACD signal is indeed very strong, and short-term momentum is good. But this is only half the picture—the daily chart still shows a weak pattern, with prices fluctuating below key moving averages, indicating that medium- to long-term development will still take time.
What’s interesting here is: the market sentiment index remains in the extreme panic zone of 24-30, yet prices are already pushing upward. This divergence between sentiment and price often signals a potential opportunity window in history. Simply put, when the market is extremely pessimistic, it’s often a good time to accumulate.