Bitcoin Fear and Greed Index at 25 indicates extreme fear in the market. Analysts predict a new record for Bitcoin after periods of fear.
The Bitcoin Fear and Greed Index (BTC) dropped to a level of 25 with the decrease in the price of this digital currency to below $90,000, indicating extreme fear in the market. Jeff Park, Alpha Strategies Manager at Bitwise, believes this pattern is repetitive; when prices drop, investors lose faith and find new reasons to doubt, but when the price surges again, it’s usually too late to buy. Analysts believe that periods of extreme fear usually last less than two months, and each time afterwards, Bitcoin has reached a new record.
