Extreme Fear Back In Focus: Is It Time To Buy Bitcoin?
– The Bitcoin Fear and Greed Index shows that the market is currently in a state of extreme fear, suggesting that now may be a good time to buy.
– Historically, bottoms have tended to form during periods of extreme fear while tops have occurred when the market is extremely greedy.
– The last time the index reached a similar value was back in January of this year. However, the bottom didn’t actually form until two weeks after the sentiment turned extremely fearful.
– So, it’s not certain if now is the time to buy. But nonetheless, such a deep extreme fear sentiment might just be a signal for investors to look out for bottoms forming in the near future.
Share this:
Related
More Stories
Don’t worry, your crypto won’t go anywhere during the FTX collapse
The collapse of FTX has caused Brazilian retail and institutional sentiment toward crypto to decline, but this will not affect...
Project Ubin: Singapore’s Quest to Launch a Blockchain-Based National Currency
- Blockchain is a digital database that employs cryptographically linked networks of peer-to-peer nodes - It is a technology that...
Bitget Eyes Global Expansion as it Registers in Seychelles
Bitget plans to increase its workforce by 100 by the end of the year. -The exchange has updated its target...
Lido crypto shines amid market struggles
Lido Finance has been a bright spot amidst the chaos of the crypto market, earning $1 million or more in...
Nexo Sued for Blocking $126M Withdrawals in 2020-21!
The Mortons claim they were pressured into selling millions of Nexo's native token back to the firm at a discount...
Investors need to rethink how they hold assets after FTX collapse, Blockchain.com CEO says
- The FTX collapse is a tragedy and total failure of governance - This will accelerate a trend back towards...
