{"id":470990,"date":"2021-09-06T23:00:14","date_gmt":"2021-09-06T23:00:14","guid":{"rendered":"https:\/\/wncen.com\/?p=470990"},"modified":"2024-06-11T13:58:23","modified_gmt":"2024-06-11T13:58:23","slug":"is-bitcoin-set-for-new-all-time-high","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/is-bitcoin-set-for-new-all-time-high\/","title":{"rendered":"As Crypto Market Goes Into \u201cExtreme Greed,\u201d Is Bitcoin Set For New All-Time High?"},"content":{"rendered":"

Bitcoin price recently broke past $50,000 as the entire crypto market experienced a surge. Investor sentiment has been greatly skewed into the positive with this break of the $50K resistance point, increasing the buy pressures all around the market.<\/p>\n

There are various tools used to measure how investors are currently feeling towards a particular asset. In this case, the Fear & Greed Index helps to measure the general sentiments around the top coins in the crypto market. The week has started on a high note with the Fear & Greed Index index at a score of 79 today. Putting sentiments around top coins like bitcoin in the region of extremely positive.<\/p>\n

\"Picture<\/p>\n

Fear & Greed Index goes into extreme greed | Source: Fear & Greed Index from alternative.me<\/a><\/pre>\n
Market Turns To Extreme Greed<\/h2>\n
The market has spent the last week in greed according to the Fear & Greed Index. Now, following bitcoin going to $52K, the pin has now moved straight into \u201cExtreme Greed.\u201d This is a result of investors, both old and new, clamoring to get their hands on as much bitcoin as possible. At this point in time, accumulation looks to be the name of the game.<\/p>\n
Related Reading |\u00a0These Three Lagging Altcoins Are Poised For A Breakout, Says Crypto Strategist<\/a><\/strong><\/em><\/p>\n
The Fear & Greed Index jumped six points in the span of 24 hours to land at 79 on the index, which put it directly in the \u201cExtreme Greed\u201d territory. Measuring emotions and sentiments in the market have shown that investors have gotten into the phase where they want to get their hands on the top cryptocurrencies in the market.<\/p>\n
For Bitcoin, this means that the asset is nowhere near being done with its current rally. Testing above $52K earlier, the digital asset had been thrown back downwards as the price mounted a resistance at this point. But this dip would not last long as bitcoin promptly found its footing above $51K again. With investors buying back into cryptos, the price of bitcoin looks set to mount another rally from its current point.<\/p>\n
\"Bitcoin<\/p>\n
BTC expected to hit $100,000 by year-end | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Market analysts have put the price of the digital asset at $100,000 by the end of the year. While this may seem ambitious, accumulation patterns continue to point towards this being the most likely endpoint for the asset. September has historically been one for the bears, so the dips at this point are understandable. With the market picking up momentum after each dip, a price surge towards $60K looks imminent.<\/p>\n
Good News Around Bitcoin<\/h2>\n
Tomorrow will see the first country in the world to accept bitcoin as legal tender. The country of El Salvador had announced earlier in the year that it was accepting BTC as a legal tender alongside the dollar. The set date for this law to go into effect was put at September 7th, which has sparked a lot of interest in the digital asset.<\/p>\n
Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course<\/a><\/em><\/strong><\/p>\n
With the adoption less than 24 hours away, the market has responded quite positively to this news. Today, the price of bitcoin broke $52K for the first time since May, marking the continuation of the current bull market. And as El Salvadorans get ready to use BTC as a legal means of exchange, the world watches in anticipation of how the implementation will go.<\/p>\n
Featured image from CryptoPotato, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price recently broke past $50,000 as the entire crypto market experienced a surge. Investor sentiment has been greatly skewed into the positive with this break of the $50K resistance point, increasing the buy pressures all around the market. There are various tools used to measure how investors are currently feeling towards a particular asset. In this case, the Fear & Greed Index helps to measure the general sentiments around the top coins in the crypto market. The week has started on a high note with the Fear & Greed Index index at a score of 79 today. Putting sentiments around top coins like bitcoin in the region of extremely positive. Fear & Greed Index goes into extreme greed | Source: Fear & Greed Index from alternative.me Market Turns To Extreme Greed The market has spent the last week in greed according to the Fear & Greed Index. Now, following bitcoin going to $52K, the pin has now moved straight into \u201cExtreme Greed.\u201d This is a result of investors, both old and new, clamoring to get their hands on as much bitcoin as possible. At this point in time, accumulation looks to be the name of the game. Related Reading |\u00a0These Three Lagging Altcoins Are Poised For A Breakout, Says Crypto Strategist The Fear & Greed Index jumped six points in the span of 24 hours to land at 79 on the index, which put it directly in the \u201cExtreme Greed\u201d territory. Measuring emotions and sentiments in the market have shown that investors have gotten into the phase where they want to get their hands on the top cryptocurrencies in the market. For Bitcoin, this means that the asset is nowhere near being done with its current rally. Testing above $52K earlier, the digital asset had been thrown back downwards as the price mounted a resistance at this point. But this dip would not last long as bitcoin promptly found its footing above $51K again. With investors buying back into cryptos, the price of bitcoin looks set to mount another rally from its current point. BTC expected to hit $100,000 by year-end | Source: BTCUSD on TradingView.com Market analysts have put the price of the digital asset at $100,000 by the end of the year. While this may seem ambitious, accumulation patterns continue to point towards this being the most likely endpoint for the asset. September has historically been one for the bears, so the dips at this point are understandable. With the market picking up momentum after each dip, a price surge towards $60K looks imminent. Good News Around Bitcoin Tomorrow will see the first country in the world to accept bitcoin as legal tender. The country of El Salvador had announced earlier in the year that it was accepting BTC as a legal tender alongside the dollar. The set date for this law to go into effect was put at September 7th, which has sparked a lot of interest in the digital asset. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course With the adoption less than 24 hours away, the market has responded quite positively to this news. Today, the price of bitcoin broke $52K for the first time since May, marking the continuation of the current bull market. And as El Salvadorans get ready to use BTC as a legal means of exchange, the world watches in anticipation of how the implementation will go. Featured image from CryptoPotato, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":470992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,72066,84094],"class_list":["post-470990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto-fear-and-greed-index","tag-fear-greed-index"],"acf":[],"yoast_head":"\nAs Crypto Market Goes Into \u201cExtreme Greed,\u201d Is Bitcoin Set For New All-Time High?<\/title>\n<meta name=\"description\" content=\"Bitcoin price recently broke past $50,000 as the entire crypto market experienced a surge. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"As Crypto Market Goes Into \u201cExtreme Greed,\u201d Is Bitcoin Set For New All-Time High?","url":"http:\/\/wncen.com\/news\/is-bitcoin-set-for-new-all-time-high\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/is-bitcoin-set-for-new-all-time-high\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/BitcoinGreed.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/BitcoinGreed.jpeg?fit=1201%2C720"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","crypto fear and greed index","fear & greed index"],"dateCreated":"2021-09-06T23:00:14Z","datePublished":"2021-09-06T23:00:14Z","dateModified":"2024-06-11T13:58:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"As Crypto Market Goes Into \\u201cExtreme Greed,\\u201d Is Bitcoin Set For New All-Time High?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/is-bitcoin-set-for-new-all-time-high\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/is-bitcoin-set-for-new-all-time-high\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/BitcoinGreed.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/BitcoinGreed.jpeg?fit=1201%2C720\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto fear and greed index\",\"fear & greed index\"],\"dateCreated\":\"2021-09-06T23:00:14Z\",\"datePublished\":\"2021-09-06T23:00:14Z\",\"dateModified\":\"2024-06-11T13:58:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/BitcoinGreed.jpeg?fit=1201%2C720","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/470990"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=470990"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/470990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/470992"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=470990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=470990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=470990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}