The Bitcoin Price Euphoria Zone: Unveiling a Fresh Wave of Investor Emotion

The Bitcoin Price Euphoria Zone: Unveiling a Fresh Wave of Investor Emotion

The Bitcoin price euphoria zone is currently revolutionizing the landscape of the cryptocurrency market with its unprecedented effect on investor emotion, as reported by the market intelligence firm, Glassnode. Over the last 12 months, Bitcoin’s price has experienced a surge exceeding 200%, setting a fresh pinnacle of over $73,000 on the 13th of March. This dramatic rise in price has driven investor sentiment towards the ‘euphoria zone’, a stage which is identified by a shift of wealth from long-standing investors to newcomers. The recent surpassing of the $69,000 all-time high by Bitcoin, which was first set in November 2021, has been labelled as the ‘fourth new cycle ATH in history’. The analyst Checkmate further underscores how Bitcoin’s significant rally beyond $72,000 has propelled the Bitcoin bull run into the Bitcoin price euphoria zone, a phase that generally aligns with the establishment of new all-time highs.

Not financial advice. Always be safe and secure when dealing with cryptocurrency. Never send anyone your private key. Always Do Your Own Research..DYOR..DYOR..DYOR!