When will Bitcoin go down?
Bitcoin (BTC) is up above $9,500 and is now looking to rally towards $10,000. Ethereum (ETH) is also in the green. Other than that, most top ten cryptocurrencies except Binance Coin (BNB) are in the red but they are eyeing recovery as well. Looking at the chart for XBT/USD, we can see that Bitcoin (BTC) still has room to rally before the ongoing rally tops out. This might result in the price touching $10,000 or rising slightly above it as shorts are liquidated before it falls down to complete Phase D and Phase E of the distribution cycle. Bullish euphoria is still around extreme greed levels. The Fear and Greed Index is down only one point from yesterday and will be up tomorrow now that BTC/USD is ready to make a major move. This tells us that investors are not ready to give up on this rally just yet.
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