(BTC() Most major altcoins are still under pressure, as support moves away and bears sell during rallies. This is a negative sentiment On Jan. 8, the reading fell to 10/100, one of its lowest levels ever. In comparison, 2021 had started on a bullish note with the reading hitting levels of 93/100, indicating “extreme greed.”

Mike McGlone, a Bloomberg Intelligence analyst, is not disconcerted by the weak start to the year. He remains bullish. In a recent analysis, he stated that Bitcoin might rally to $100,000Ether (ETHThis year, a maximum of $5,000