RATE Group | What does the landscape look like post-halving?
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What does the landscape look like post-halving?

12 May What does the landscape look like post-halving?

Posted at 04:05h in Cryptocurrency News by

  • Bitcoin “Fear and Greed” has moved from Neutral to Fear, showing that investors are panicking post-halving.
  • ETH/BTC bulls are in control for the second straight day.

Bitcoin Fear and Greed Index

fxsoriginal

Alternative.me’s Bitcoin fear and greed index has dropped from the “Neutral” to the “Fear” territory at 40. It looks like there is a bit of a panic among the investors post-halving. 

ETH/BTC daily chart

ETH/BTC daily chart

ETH/BTC bulls retained control for the second straight day as it went up from 0.021692 to 0.021715. This Monday, the bulls managed to take back ETH/BTC above the SMA 200. The MACD shows decreasing bearish momentum, while the RSI is trending at the edge of the oversold zone.

The bulls will need to conquer resistance at 0.02202 and 0.02252. On the downside, they will need to defend support levels at 0.0213 and 0.0207

BTC/USD daily chart

BTC/USD daily chart

BTC/USD went up from $8,672.65 to $8,591.58 as buyers try to take control post-halving. The price is trending above…

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