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#BitcoinBouncesBack
Bitcoin rises to $79,000, Fear & Greed Index exits Extreme Fear zone
Bitcoin price surged to the $79,000 level on Wednesday morning (22/4), with a 2.2% increase in the last 24 hours. This jump pushed the Fear & Greed index to 33, moving out of the extreme fear zone which had touched level 8 in early April. This price movement occurred alongside easing geopolitical tensions in the Middle East and increased institutional capital flows.
Breaking the psychological level of $75,000 triggered massive liquidation of short positions in the futures market. Data shows that spot Bitcoin ETFs recorded net inflows for three consecutive weeks, with a total accumulation of $1.8 billion. Currently, Michael Saylor’s strategy officially makes him the largest institutional Bitcoin holder in the world, surpassing BlackRock’s asset holdings.
Bitcoin is now testing the support level around $78,000. Technically, the next bullish target is at $83,000 to confirm the continuation of the upward trend. The current market condition is supported by liquidity stability and increased participation across the digital asset sector broadly.
Lobster buy buy buy—at such a low market cap, everyone buys together. Whatever coin the consensus is on will go up. Bitcoin is all built on everyone’s consensus. The lower the market cap, the bigger the opportunity. The penguin keeps walking, walking all the way into the uninhabited zone of ice and snow—most people think they’re going to die in there. But inside, there are all kinds of minerals. The little penguin went there—it’s the embodiment of “Mei,” it’s the Mei stand-in. Everyone’s consensus: buy buy buy. Instantly, it turns into 999. The whales are coming right away—still buy buy buy.