RATE Group | Bulls take over following Thursday’s bearish correction
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Bulls take over following Thursday’s bearish correction

01 May Bulls take over following Thursday’s bearish correction

Posted at 07:05h in Bitcoin News by

  • The Fear and Greed Index is still trending in the “Fear” zone, which shows that the BTC/USD market is still undervalued.
  • ETH/BTC has had a bullish session following two straight bearish sessions to re-enter the green Ichimoku cloud.

Bitcoin, Ethereum, and Ripple bears took control this Thursday to correct this Wednesday’s bullish action. The price action of the coins look like this:

  • BTC/USD has gone up from $8,626.30 to $8,720.40.
  • ETH/USD has gone up from $206.23 to $209.55
  • XRP/USD has gone up from $0.2116 to $0.214.

Fear and Greed Index

fxsoriginal

Alternative.me’s fear and greed index has gone down from 44 to 40, and the current market sentiment is still in the “fear” region. This indicates that there is still some upside potential for Bitcoin.

ETH/BTC daily chart

ETH/BTC daily chart

ETH/BTC has gone up from 0.0239 to 0.024 in the early hours of Friday, re-entering the green Ichimoku cloud and trending above the upward trending line, in the process. There are two

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