Bitcoin’s market steps back from ‘extreme greed’ – A positive sign? – BitRss

• Bitcoin exited the ‘extreme greed’ zone and could aid sustainable growth
• MVRV and Pi Cycle Top indicators revealed that BTC still had room for upside

Bitcoin’s [BTC] market sentiment has exited the “extreme greed” zone for the first time since the “Trump pump” trade began in November. This can offer BTC much-needed room to grow.  

According to the pseudonymous on-chain analyst Dark Fost, the “extreme greed” phase marked an overheated market and a potential pullback. According to Fost, this is what led to the cryptocurrency’s decline from $108k to nearly 90k.