Bitcoin’s Short-Term Outlook Indicates Possible Pullback in the Market

Expert Analysis on BTC’s Market Situation

Market Overbought Status Revealed by Greed & Fear Index

According to Markus Thielen, the founder of 10x Research, last week’s report highlighted an overbought status for BTC in the short term. This condition, as indicated by the heightened Greed & Fear index levels, suggests a potential reversal in the market.

Bearish Signals Point Towards Imminent Pullback

The current short-term indicators have shifted towards bearish signals, signaling a potential upcoming pullback in the market over the next few days. Thielen anticipates a correction in BTC’s value based on these reversal signals.