Markets - Bitcoin Breaks Out to ATH Above $111,000
Bitcoin is on track for a seventh straight week of gains and traded as high as $111,800 on Thursday. Meanwhile, altcoins continued to underperform as Bitcoin’s dominance hit its highest level since February 2021.
This sharp rally has pushed the Fear and Greed index into ‘Extreme Greed’ territory and I continue to expect a pullback over the coming weeks. The time to press bullish bets was two months ago during ‘Peak Fear’ and current conditions warrant caution and avoiding FOMO, especially with leverage.
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