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*"Crypto Sentiment Holds Steady as Bitcoin Drops to $105K 📉"*
*Introduction:*
Despite Bitcoin's recent price drop, crypto market sentiment remains strong. The sentiment-tracking Crypto Fear & Greed Index posted a "Greed" score of 63 out of 100, indicating a resilient market.
*Key Points:*
- *Bitcoin Price:* $105,560 (down 1.79% in the past day)
- *Crypto Fear & Greed Index:* 63 out of 100 (slipping one point from Tuesday)
- *Historical Trend:* Third quarter is typically a weaker period for Bitcoin, with an average gain of 5.47% since 2013
- *Bitcoin Dominance:* 65.5% (up nearly 13% so far this year)
- *Altcoin Season Index:* 20 out of 100 (indicating a "Bitcoin Season")
*Market Analysis:*
- Crypto trader Daan Crypto Trades noted that the third quarter is generally the slowest out of all, due to slower summer months with less action, volumes, and liquidity.
- Bitcoin's Q2 performance matched its historical average gain of 31%.
- CryptoQuant's head of research, Julio Moreno, said that the Bitcoin Bull Score Metric has declined to a level of uncertainty.
*Conclusion:*
The crypto market sentiment remains strong despite Bitcoin's recent price drop. Traders should keep an eye on the market trends and adjust their strategies accordingly.
*Stay Updated:*
Follow us for more updates on Bitcoin and other cryptocurrencies. Drop a like and leave a comment to share your thoughts on the current market sentiment.
*Disclaimer:* This article is for educational purposes only and should not be considered as investment advice. Trading cryptocurrencies carries a high level of risk, and traders should do their own research and consult with a financial advisor before making any investment decisions.#BTC chart analysis #BTC ,