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Bitcoin Fear Index Falls Below 5, Suggesting Possible Tactical Price Rebound
Bitcoin market sentiment has plunged to one of its lowest levels in years, as measured by the 10x Research “Greed & Fear” Index, which dropped below 5 points. The 21-day average of the index has also hit 10%, a level that has historically marked tactical lows. While the broader trend remains bearish, this extreme pessimism could set the stage for a short-term rebound in Bitcoin prices. Sentiment Falls to Record Lows According to 10x Research: Bitcoin’s market sentiment has reached levels of extreme pessimism, as measured by 10x Research’s proprietary “Greed & Fear” Index. This index, which ... (full story)