submitted by /u/Intelligent_Page2732
The past few weeks, and especially the past few days, have been insane. We went from pure fear, anticipating a lower low, to the possibility of touching a 30K BTC in just 10 Days!
While stockmarkets around the world are in shambles with the current looming banking crisis, Bitcoin and Crypto are leading the way up and is certainly putting a smile on everybody's face here!
BTC leading the charge against the stockmarket
Bitcoin's impressive recovery
On the 5th of November 2022 Bitcoin crashed by 26% from $21.4K to just below $16K ultimately hitting its lowest point of the cycle on the 22th of November 2022 with a price of $15,649
Since than it pumped 80.8% upwards from the 2022 bottom to now $28.343!
This is quite impressive for a timespan of about 118 Days!
Bitcoin pumping 42.2% in 10 Days
But even more impressive in my opinion is the 42.2% pump of the last 10 Days.
BTC chart indicating glorious pump
It is certainly a beautiful sight to see compared to the struggling Stock Markets.
Fear & Greed index
But will it pump any further? We dont know, I suspect we might see some profit taking soon when we look at the Fear & Greed Index, which is currently standing on 66, Greed.
The last few weeks have not been boring at all, but I do think we might have some crabby and slower times ahead or even have a correction incoming very imminently already.
I hope you found this post useful and have a great day!
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