Look at the BTC trend in the last bull market through the panic & greed index;
After reaching the greed peak of 94 three times a week starting from 2020.11.19, the price began to fall by 20%, and the leverage was cleaned in just 3 days;
As the price fell, the greed index quickly dropped from 93 to 85, but it only took 3 days to hit a new high;
After a 10-day shock drop of 13%, the price reached the EMA21 moving average support and started a burst of growth for 27 days, with an increase of 135%. The greed index fluctuated sideways in the range of 85-95;
Until it peaked, in 13 days, the panic index fell to 40, and then started the second wave of growth.
The current market has reached the extreme greed index of 94 for the first time
