Bitcoin price forecasts eye $110K target as $4.9T options expiry arrives

The post Tactical Bottom May Be Near, Greed & Fear Index Suggests appeared on BitcoinEthereumNews.com. Bitcoin BTC$83,705.55 sentiment has plunged into extreme pessimism, suggesting a tactical or interim low from which a BTC price bounce is likely, according to analytics firm 10x Research. The firm’s proprietary “Greed & Fear” Index, which measures market sentiment, has crashed to a record low of less than 5 points. Readings below 10% represent extreme fear or pessimism, and above 90% signal green or over-optimism. More importantly, the 21-day simple moving average of the index has slipped to 10%, a level that has consistently marked tactical lows over the years. “Our own 10x Greed & Fear Index has been sitting near its lowest possible reading, and the slower-moving average has now reached the 10% zone, a level that often marks a tactical low,” Markus Thielen, founder of 10x Research, told CoinDesk. Peak pessimism does not necessarily signal an immediate end to the downtrend. While prices may continue to decline, the pace is likely to slow, with a tactical low in sight. “Prices can still fall further, as we saw in March when the indicator bottomed before bitcoin continued to slide into April. Yet, bitcoin still staged a 10% rebound immediately after that initial sentiment low. With sentiment now near rock bottom again, a similar short-term rebound is possible,” Thielen explained. Bitcoin traded near $84,800 at press time, having hit a low of $80,880 on Friday, according to data from CoinDesk. Despite the bounce, prices are still down 10% for the week and 23% for the month. Source: https://www.coindesk.com/markets/2025/11/22/bitcoin-greed-and-fear-index-shows-extreme-pessimism-tactical-bottom-may-be-near

The post Trump criticizes California $20 fast food minimum wage appeared on BitcoinEthereumNews.com. U.S. President Donald Trump delivers remarks at the McDonald’s Impact Summit at the Westin Hotel in Washington, D.C., U.S., Nov. 17, 2025. Evelyn Hockstein | Reuters President Donald Trump on Monday said that California Gov. Gavin Newsom is “laying siege on the minimum wage.” Trump’s comments at the McDonald’s Impact Summit likely referred to California’s higher hourly pay floor for fast-food workers, which took effect a year and a half ago. However, data so far indicate the policy hasn’t been the danger Trump described. Research shows that the state’s fast-food worker turnover is down. Widespread closures haven’t occurred, and restaurant chains are still opening locations in California. To be sure, the increased wages have put more pressure on restaurant chains and operators at a time when other costs are climbing and diners are eating out less frequently. Plus, consumers are paying more for their burgers, chicken tenders and fries as a result of the new pay floor. But after a protracted fight over whether higher pay for workers would harm restaurants, critics’ worst fears have not come to pass. Fast-food workers in California at chains with more than 60 national locations started earning $20 an hour in April 2024, 25% more than the state’s broader minimum wage of $16 an hour. The sectoral pay floor is part of larger law passed in California that also establishes a council that will recommend proposed industry standards to state agencies and carries the authority to raise the hourly minimum wage annually. Fast-food workers’ big break only came after a compromise between the restaurant industry and unions that ended months of fighting between the two parties. The Service Employees International Union championed the legislation, saying it would improve workers’ lives and help with industry turnover. Quick-service restaurants argued that they were being unfairly targeted…

Key Takeaways The shares of Michael Saylor-led Strategy (MSTR) fell by 14.6% this week. The Strategy, formerly called Microstrategy, is the table topper among the crypto treasury holders with 649,870 BTC worth around $54.63 billion. The fall in share price is largely attributed to the recent price plunge of Bitcoin. Bitcoin has slipped below $100k... The post Why Strategy (MSTR) Shares Plunged 14.6% This Week appeared first on BiteMyCoin.