After reaching a cycle low of approximately $60,000 earlier this month, Bitcoin (BTC) has staged a notable recovery, climbing back above the $65,000 level as of June 18.
While market analysts had been bracing for further downside, the primary catalyst for the reversal has been a sudden improvement in the geopolitical climate surrounding the Middle East and the Strait of Hormuz.
The shift in market sentiment 
For the first time in weeks, the Fear & Greed Index is shifting away from its deepest extremes, suggesting that serious institutional capital is beginning to step in to buy the dip.
Disclaimer. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
