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.

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