Bitcoin is currently trading in the $90,000 – $91,500 range, attempting to stabilize after a volatile week where prices dipped into the mid-$80k zone. The market is currently defined by a "flight to safety" within the crypto ecosystem; while Bitcoin has seen corrections, it has outperformed many altcoins, which have suffered steeper declines.
The prevailing sentiment is one of caution. The Fear & Greed Index remains low (24-28), signaling "Fear," though this is often interpreted by contrarian traders as a potential bottoming signal. The narrative has shifted from "aggressive bull run" to "consolidation and defense" as traders await the Federal Reserve's December decision. $BTC
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Bitcoin is currently trading in the $90,000 – $91,500 range, attempting to stabilize after a volatile week where prices dipped into the mid-$80k zone. The market is currently defined by a "flight to safety" within the crypto ecosystem; while Bitcoin has seen corrections, it has outperformed many altcoins, which have suffered steeper declines.
The prevailing sentiment is one of caution. The Fear & Greed Index remains low (24-28), signaling "Fear," though this is often interpreted by contrarian traders as a potential bottoming signal. The narrative has shifted from "aggressive bull run" to "consolidation and defense" as traders await the Federal Reserve's December decision.
$BTC