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BTC Fear & Greed Index Avoids Extreme Fear as BTC Moves Sideways

Skylar Shaw

Dec 27, 2022 12:06

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Bitcoin (BTC) decreased by 0.10% on Sunday. BTC concluded the week up 0.55% at $16,847, partially offsetting a Saturday rise of 0.37%. Notably, BTC saw red for the sixth session in a row and failed to reach $17,000 for the fifth session in a row.


BTC reached a morning high of $16,874 after a volatile start to the day. BTC declined to a low of $16,723 in the early afternoon after failing to pass the First Major Resistance Level (R1) at $16,903. Before making a late comeback to finish the day at $16,847, BTC dropped through the First Major Support Level (S1) at $16,814 and the Second Major Support Level (S2) at $16,863.