Crypto Fear and Greed Index Turns to Extreme Greed, Is Now The Time to Sell?

[Riya143]

Some analysts renewed their expectations of a crypto bull run following Bitcoin’s 11% gains yesterday.

Resistance at the $10.5k level has proven difficult to break, having been rejected there on several previous occasions. But yesterday’s rally cut through $10.5k with ease, bringing a daily candle close at $11,030.
Read More: https://www.newsbtc.com/2020/07/28/crypto-fear-and-greed-index-turns-to-extreme-greed-is-now-the-time-to-sell/

[Noverteno]

Now the expectation of investors for the growth of the cryptocurrency market is really very high. The expectation of the price effect from dividing bitcoin in half, the expectation of improvements in ethereum and the possibility of a global economic crisis and, as a consequence, a sharp increase in the inflation rate of conventional currencies, inevitably leads to an increase in prices in the cryptocurrency market.
Therefore, bitcoin, ethereum and the bulk of altcoins have shown impressive price performance lately.