Economist and crypto analyst Alex Krüger believes that Bitcoin is poised for a massive upswing after market participants’ huge concerns about Bitcoin.
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In a new tweet, Krüger told his 82,900 followers that his Fear and Greed Index, which measures market sentiment, has dropped to a level not seen since the coronavirus-induced panic last year.
According to Krüger, Bitcoin’s relative strength index (RSI), a technical indicator that tracks an asset’s momentum, is currently hovering at a level that is usually followed by a large rise in price.
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