Bitcoin continues to capture growth, although we see more and more impulses down and growth has slowed down significantly. On the last day of the week Bitcoin shows 2% growth and trades near $18,100.
Nevertheless, the market is becoming more and more confused with investors. On the one hand, this blocks the wave of new demand. On the other hand, most hypothetical sellers are now on hold for new triggers. Everybody understands that technical indicators clearly indicate that the asset is overbought and sooner or later it should end in a correction, but it never starts.
The Greed and Fear Index for Bitcoin and the largest cryptovoltaics has dropped 8 points to 86 in the last 24 hours, although it remains in the "extreme greed" mode. RSI index crawls to the level of 90, where it was last seen just at the end of 2017, but the formal signal to sell is still not considered to be its extreme levels, and return from overbought, for which the growth must stop or start selling.
Profits of miners only for November 18 amounted to about 21 million dollars, deVere Group publishes the results of surveys, where most large investors plan to buy the leading cryptov currencies. Deutsche Bank notes the growth of bitcoin and decline in gold, linking these two events. Bitcoin hashrait is actively striving for past highs.
All in all, it creates a feeling of the possibility to continue growth regardless of anything. However, you should be at least cautious, as sooner or later the market will start the balancing process.