الخوف_والجشع_في_العملات_المشفرة

Morale has finally risen for #العملات_المشفرة after 18 days of extreme fear

After being in a state of extreme fear for 18 consecutive days, the index recorded #الخوف_والجشع_في_العملات_المشفرة 28 (fear): its first increase since November 10.

Analysts say that these "extreme fear" areas have repeatedly marked local bottoms for Bitcoin, and they do not last long.

Nikola Duke points out that all previous extreme fear readings have coincided with a bottom, and sentiment data from Santiment is now generally trending upwards, as #بيتكوين has recovered to around $91,000.

Andrei Dragosh warns from #بتوايز that the price of Bitcoin may be wrong due to recession expectations: describing today’s situation as one of the most asymmetric periods in risk-to-reward ratio since the COVID pandemic.

The downside is limited as recession fears are already weighing on the price. The upside could be enormous!

Volatility is fading. Condemnation wins.
#FOMCWatch
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