Bitcoin is ready for gathering after hitting the same levels of “extreme fear” of Covid and 2022 Bear Market: Trader
A wide -ranging encryption analyst says that one of the scale indicates that Bitcoin (BTC) is preparing for the massive penetration.
In a new strategic session, INMORTAL wigs Recount His 230,900 followers on the social media platform x that the index of fear and greed is in the flash of digital assets, as it reached “severe fear”, a level that collapses during the historical market.
The Crypto Fear and Greed Index is a measure that measures the levels of fear or greed in the market while reading extreme fear that indicates excessive sale conditions and reading extreme greed that indicates conditions of its arm.
“Fear is at the same levels that we saw during the Covid-19 and 2022 failure below. All this while declaring us Bitcoin reserves.”
It is too He says Accordingly, the feeling of morale may remain in the historical precedence market in “severe fear” anywhere in a month and a half to about five months.
“The last session we visited the extreme fear three times, and these periods lasted between 50 and 160 days.”
analyst Secure Bitcoin repeats a similar pattern in 2024, when BTC re -installed the support level that erases the gains from an upper race before taking off to print new levels ever.
“We are doing this again.”
Finally, the analyst He says ETHEREUM (ETH) may be about to a massive collapse similar to what Bitcoin did in 2020.
“I must accept that it has ended, as others have already done. I don’t say this will happen, but if the” bull race “does not end, we must see something similar to this.
Bitcoin is traded for $ 82,874 at the time of this report, an apartment per day. Meanwhile, ETH is traded at $ 1,881 at the time of writing, a decrease of 3.5 % in the past 24 hours.
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