How Deep Will Crypto Dive? BTC Dominance and RSI Reveal Clues

CoinMarketCap12-21 20:24

Fear and Greed Index reads 62, translating to “Greed” in the market. The Bitcoin weekly RSI suggests that demand is still very high for BTC. Altcoins are undergoing a brief correctional phase after ...

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BTC Dominance and RSI Reveal Clues","media":"CoinMarketCap","content":"<div>\n<p>Fear and Greed Index reads 62, translating to “Greed” in the market.\nThe Bitcoin weekly RSI suggests that demand is still very high for BTC.\nAltcoins are undergoing a brief correctional phase after ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6766b38b6d7c727c172485ad/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Deep Will Crypto Dive? 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BTC Dominance and RSI Reveal Clues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-21 20:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/6766b38b6d7c727c172485ad/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fear and Greed Index reads 62, translating to “Greed” in the market.\nThe Bitcoin weekly RSI suggests that demand is still very high for BTC.\nAltcoins are undergoing a brief correctional phase after ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6766b38b6d7c727c172485ad/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTC","symbol_name":"Grayscale Bitcoin Mini Trust","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6766b38b6d7c727c172485ad/","article_id":"2493379722","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/89aec9dccac64c158af150b47f5fff2c.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493379722","pubTimestamp":1734783882,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Fear and Greed Index reads 62, translating to “Greed” in the market.The Bitcoin weekly RSI suggests that demand is still very high for BTC.Altcoins are undergoing a brief correctional phase after reaching overbought levels.The crypto market crashed significantly in the past few days after Bitcoin  hit $108K. Traders secured profits once BTC reached $100K, while Ether  fell below $4,000 and now stands at $3,480.BTC dominance soared to 56.8%, which pushed altcoins lower. The market leader remains at $97.6K, down 10% from its peak.The Greed and Fear Index shows 62, reflecting considerable demand for BTC and other digital assets. The Relative Strength Index  for Bitcoin on the weekly chart reads 69.86, suggesting a longer-term bullish outlook. On the daily chart, RSI turned neutral.As seen in the chart provided by TradingView above, the gradient of the weekly RSI line is on a sharp decline, which means that lower prices might be seen for a brief period before the bulls take chart once agai","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTC":"Grayscale Bitcoin Mini Trust","RSI":"Rush Street Interactive, Inc.","BK4601":"加密货币现货ETF","IBIT":"iShares Bitcoin Trust","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","BK4588":"碎股","ETH":"Grayscale Ethereum Mini Trust","BK4150":"赌场与赌博"},"translate_title":"加密货币会潜多深？BTC主导地位和RSI揭示线索","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"ETH":1,"RSI":1,"IBIT":0.9},"content_text":"Fear and Greed Index reads 62, translating to “Greed” in the market.\nThe Bitcoin weekly RSI suggests that demand is still very high for BTC.\nAltcoins are undergoing a brief correctional phase after reaching overbought levels.\n\nThe crypto market crashed significantly in the past few days after Bitcoin (BTC) hit $108K. Traders secured profits once BTC reached $100K, while Ether (ETH) fell below $4,000 and now stands at $3,480.\nBTC dominance soared to 56.8%, which pushed altcoins lower. The market leader remains at $97.6K, down 10% from its peak.\nThe Greed and Fear Index shows 62, reflecting considerable demand for BTC and other digital assets. The Relative Strength Index (RSI) for Bitcoin on the weekly chart reads 69.86, suggesting a longer-term bullish outlook. On the daily chart, RSI turned neutral.\n\n\n\n\nAs seen in the chart provided by TradingView above, the gradient of the weekly RSI line is on a sharp decline, which means that lower prices might be seen for a brief period before the bulls take chart once again. A retest of $100K is potentially possible.\nRead also: Bitcoin 21M Supply Cap Under Scrutiny After BlackRock ETF Explainer\nThe post How Deep Will Crypto Dive? BTC Dominance and RSI Reveal Clues appeared first on Coin Edition.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493379722"}