Top 5 cryptocurrencies to watch this week: BTC, LINK, ICP, LEO, ONE By Cointelegraph

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(BTC) and most major altcoins remain under pressure as supports give way and bears sell at each rally attempt. This negative sentiment to 10/100 on Jan. 8, one of its lowest readings ever. In comparison, 2021 had started on a bullish note with the reading hitting levels of 93/100, indicating “extreme greed.”

This weak opening in the new year has not unnerved Bloomberg Intelligence analyst Mike McGlone who remains bullish. He said in a recent analysis that Bitcoin may rally to $100,000 and Ether (ETH) to $5,000 this year.

Crypto market data daily view. Source: Coin360