Bitcoin Investors Almost Extremely Fearful: Is A Bottom Near?

Quick Summary:

Data shows the Bitcoin Fear & Greed Index is right outside the entrance of the extreme greed territory after the latest crash in BTC’s price.

In fact, this level is nearly deep enough to qualify for a special zone called extreme fear.

Interestingly, only a week ago, the Bitcoin market was sitting on the verge of the latter region, but it is now already on the opposite end of the spectrum, as the below chart shows.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Bitcoin Bottom Bitcoin Bearish Btcusd Bitcoin News Bitcoin Bitcoin Extreme Fear Btc Bitcoin Crash

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 07:00:40 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21953995

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 16 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 14 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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