BTC Takes Its Winning Streak to 4 Days Following 1.21% Gain

Bitcoin’s (BTC) price has extended its winning streak to four sessions following a 1.79% rise on Saturday. The previous session saw BTC post a 1.21% gain on Friday as BTC ended the day at $21,199. A major reason for the winning streak is the market sentiment towards Fed monetary policy that is delivering support.

A bearish start to the day saw BTC’s price fall to a low of $20,481 before making a move. Coming within range of the first major support level at $20,405, BTC rallied to a high of $21,575.

BTC’s price was then able to rise above the first major resistance level at $21,215 before falling back to around $21,200. Despite this late pullback, BTC held onto the $21,000 level for the first time since July 9.

At the time of writing, the Fear & Greed Index increased from 21/100 to 24/100 – matching the Index level from July 9 and 10.

The most recent move back towards the “Fear” zone, which starts at 25/100, came off the back of a BTC return to $21,000. Bulls now look for a return to the “Fear” zone to support a run up to $25,000.

According to the crypto market tracker, CoinMarketCap, BTC’s price now sits at $21,383.27 after a 24-hour gain of 3.98%. The positive 24-hour performance of BTC’s price has flipped its weekly performance into the positive as well. As things stand, BTC’s price is up 0.34% over the past 7 days.

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