Posted 4/6/2024, 12:00:00 AM
Bitcoin Holds Steady as Ethereum Slumps, Sparking Shift from FOMO to Fear in Crypto Market
- Bitcoin-Ethereum ratio reaching highest level since April 2021 indicates shift from FOMO to fear in crypto market
- Bitcoin price range-bound between $65K-$68K; Ethereum facing sustained selling pressure and downward price movement
- Crypto asset firm QCP Capital speculates ratio shift signals early transition from FOMO to fear, especially regarding Ethereum and altcoins
- Renowned analyst Crypto Con questions if Fisher Transform indicator shows Bitcoin poised for double top, like in 2013 and 2021
- Crypto Con suggests if indicator consolidates around current levels, it indicates higher likelihood of single top formation in December 2024
