{"id":423901,"date":"2022-03-30T18:37:05","date_gmt":"2022-03-30T15:37:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-sentiment-hits-greed-in-2022-first-amid-calls-for-45k-btc-price-pullback\/"},"modified":"2022-03-30T18:37:05","modified_gmt":"2022-03-30T15:37:05","slug":"bitcoin-sentiment-hits-greed-in-2022-first-amid-calls-for-45k-btc-price-pullback","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-sentiment-hits-greed-in-2022-first-amid-calls-for-45k-btc-price-pullback\/","title":{"rendered":"# Bitcoin sentiment hits &#8216;greed&#8217; in 2022 first amid calls for $45K BTC price pullback"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3cc58686f8f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3cc58686f8f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-sentiment-hits-greed-in-2022-first-amid-calls-for-45k-btc-price-pullback\/#%E2%80%9D_Bitcoin_sentiment_hits_%E2%80%98greed_in_2022_first_amid_calls_for_45K_BTC_price_pullback_%E2%80%9C\" >&#8221; Bitcoin sentiment hits &#8216;greed&#8217; in 2022 first amid calls for $45K BTC price pullback &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-sentiment-hits-greed-in-2022-first-amid-calls-for-45k-btc-price-pullback\/#From_%E2%80%9Cextreme_fear%E2%80%9D_to_%E2%80%9Cgreed%E2%80%9D_in_one_week\" >From &#8220;extreme fear&#8221; to &#8220;greed&#8221; in one week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-sentiment-hits-greed-in-2022-first-amid-calls-for-45k-btc-price-pullback\/#Inflation_nightmare_scenario_playing_out\" >Inflation nightmare scenario playing out<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_sentiment_hits_%E2%80%98greed_in_2022_first_amid_calls_for_45K_BTC_price_pullback_%E2%80%9C\"><\/span>&#8221; Bitcoin sentiment hits &#8216;greed&#8217; in 2022 first amid calls for $45K BTC price pullback &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) sentiment is seeing its first significant test of the rally to year-to-date highs as bullish gains dry up.<\/p>\n<p>The start of Wall Street trading on March 30 failed to induce a fresh advance on BTC\/USD, which threatened to lose support at $47,000. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"From_%E2%80%9Cextreme_fear%E2%80%9D_to_%E2%80%9Cgreed%E2%80%9D_in_one_week\"><\/span>From &#8220;extreme fear&#8221; to &#8220;greed&#8221; in one week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>After gaining nearly 30% since March 14, Bitcoin has managed to cling to its yearly opening price as support, this previously marking the resistance ceiling of its trading range for throughout 2022. <\/p>\n<p>Now, however, hopes of a retracement <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be coming true, as momentum shows signs of \u2014 at least temporary \u2014 fatigue.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0captured the turnaround overnight on Tuesday, with $48,000 currently the level proving stubborn for bulls to overcome.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/5f1c6a54-d203-4364-bc72-10571e5fccd9.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Traders are keenly eyeing the possibility of a support backtest, but remain mixed over how low would be &#8220;too low&#8221; and end up threatening the uptrend altogether.<\/p>\n<p>Popular trader Crypto Ed highlighted $45,000 as a core bounce zone in the event of a broader pullback, this nonetheless being below the all-important yearly open at $46,200.<\/p>\n<p>A breakdown there and move towards $40,000, he added in his latest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1509078898864238593\">YouTube update<\/a>, was something he &#8220;doubted.&#8221;<\/p>\n<p>Looking at sentiment gauge the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Crypto Fear &amp; Greed Index<\/a>, however, the need for a time out becomes all the more apparent. In under a week, its normalized score went from 22\/100 \u2014 &#8220;extreme fear&#8221; \u2014 to 60\/100 \u2014 &#8220;greed&#8221; and its highest level since mid-November.<\/p>\n<p>Since the local top, the score has already begun falling toward &#8220;neutral&#8221; territory, and measured 56\/100 as of Wednesday.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/13bc6cdc-8fb3-44ee-9c93-ad95a11add21.png\"><figcaption style=\"text-align: center;\">Crypto Fear &amp; Greed Index (screenshot). Source: Alternative.me<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Inflation_nightmare_scenario_playing_out\"><\/span>Inflation nightmare scenario playing out<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analyzing the sentiment issue, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> users <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Blockchainsanta\/status\/1509167122257444872\">referenced<\/a> macro forces at work, which traditionally spell trouble for risk assets in order to argue that enthusiasm around Bitcoin was overheated.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin hits 3-day low as Terra BTC buy-ins dry up below $48K<\/em><\/strong><\/p>\n<p>The highest inflation in 40 years and interest rates near zero hardly provide a fertile risk-on environment, they argued.<\/p>\n<p>A look at gold markets, however, could show that the trend is going nowhere despite central bank measures to tame inflation.<\/p>\n<p>Material Scientist, creator of on-chain analytics resource Material Indicators, noted that gold futures deliveries were following the &#8220;dysfunctional&#8221; path previously forecast by ex-BitMEX CEO, Arthur Hayes.<\/p>\n<p>Hayes had warned that gold would skyrocket once it became apparent that saving in major fiat currencies was a lame bet.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This is what Hayes talked about in his last article <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/khsadQuEGK\">https:\/\/t.co\/khsadQuEGK<\/a><\/p>\n<p>\u2014 Material Scientist (@Mtrl_Scientist) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Mtrl_Scientist\/status\/1509163028629102595?ref_src=twsrc%5Etfw\">March 30, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the same piece, Hayes said that Bitcoin would ultimately benefit from the chaos via a decoupling from traditional equities.<\/p>\n<p>&#8220;A gold price of &gt;$10,000 will psychologically shock the global asset markets. As global asset allocators now think chiefly about inflation and real yields, any and all hard monetary assets believed to protect portfolios from this pestilence will get bid to astronomical levels,&#8221; he wrote. <\/p>\n<blockquote><p>&#8220;And that is the mental shift that breaks the correlation of Bitcoin with traditional risk-on \/ off assets, such as US equities and nominal interest rates.&#8221;<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-sentiment-hits-greed-in-2022-first-amid-calls-for-45k-btc-price-pullback\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin sentiment hits &#8216;greed&#8217; in 2022 first amid calls for $45K BTC price pullback &#8220; Bitcoin (BTC) sentiment is seeing its first significant test of the rally to year-to-date highs as bullish gains dry up. The start of Wall Street trading on March 30 failed to induce a fresh advance on BTC\/USD, which threatened&#8230;<\/p>\n","protected":false},"author":1,"featured_media":423902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMzc3YTdhZDktOWY1MS00ODRjLTg3M2EtMGZmNDE2ODc4MTJjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,71835,73785],"class_list":["post-423901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-gold","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/423901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=423901"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/423901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/423902"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=423901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=423901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=423901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}