In this edition of the BTC-ECHO Recap Podcast, Sven and David talk about the long shadows that the Bitcoin bear market is casting. Similar to the traditional financial sector, dangerous interdependencies have also established themselves in the crypto sector. If a company stumbles, it becomes uncomfortable for many others as well. It’s doubly annoying when the competition then counts on the company’s demise. Because the CEL token, the native token of the Celsius network, is being massively shorted these days.
Bitcoin fear-and-greed index hits bottom
Is the trend reversal coming? With eleven points, the Bitcoin Fear-and-Greed Index is at an absolute bottom – and Bitcoin is therefore as oversold as at the bottom of past bear markets. The RSI, the Relative Strength Index, also indicated that the asset was oversold. What does this mean for the short-term price development?
This and more in episode 118 of the BTC-ECHO Recap Podcast.