Cycle repetition - Greed and Fear index
2024-08-08

Despite all the market decline and market negativity, my prediction of the next movement still bullish until we reach $80,000$.

Reasons for this market lecture : 
 
 Greed and fear index  is repeating the same cycle as 2021 bull market. 
 Accumulation pattern  : as explained before , bitcoin is in bullish flag pattern which is  the most bullish pattern in technical analysis world.  
 False breakout of the bullish flag pattern  : this is one of the extremly bullish reversal signals.
 

I expect that the market will enter a short term accumulation. This accumulation will make the Greed index reaches 20 to 25. Then it will target $80,000.