Crypto
Bitcoin Rallies to Nearly $86,000 as Risk Appetite Surges
Bitcoin has reached near $86,000 after the Federal Reserve tightened policy by 25 basis points last Wednesday. The crypto market is benefiting from increased risk appetite as investors seek higher returns.
The Crypto Fear & Greed Index stood at 70, indicating a strong tailwind for Bitcoin's price action. Technical gauges show stretched momentum with the RSI around 73 and MACD positive.
Support levels are watched at $84,000 and $80,000, while a wider cushion from the 50-day, 100-day, and 200-day EMAs clustered between roughly $72,300 and $75,000. SuperTrend support is near $75,974.