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>>Bitcoin's Prolonged Period of Extreme Fear Spans 22 Days as Price Continues to Struggle

Bitcoin's Prolonged Period of Extreme Fear Spans 22 Days as Price Continues to Struggle

crypthub

about 14 hours ago

Index Overview

The Bitcoin Fear & Greed Index gauges trader sentiment through five factors: trading volume, market‑cap dominance, volatility, social‑media buzz, and Google Trends. Scores above 53 denote greed, below 47 indicate fear, with extreme zones at ≤25 (fear) and ≥75 (greed). The metric, created by Alternative.com, is a common barometer for crypto market mood.

Current Reading

The index now reads 7, placing it deep in the extreme‑fear zone and unchanged for 22 straight days. Such a low level is rare and mirrors the trough of the prior bear market. The lingering fear stems from Bitcoin’s recent price decline.

Potential Market Reaction

Historical data shows that extreme sentiment often precedes contrarian moves, as panic can flip into buying pressure. Prolonged fear may set the stage for a market bottom and a possible rebound. The exact timing of any reversal, however, remains uncertain.

Price Outlook

Bitcoin has been stuck around $67,700 after failing to recover from its $60k bounce. Recovery appears limited, keeping the price range‑bound for now. A shift in sentiment will likely be required before significant upward movement resumes.