**Bitcoin Defense Breaks to US$89,000, Fear Continues to Grip the Market**
The Fear and Greed Index, a tool for measuring market sentiment of fear and greed, remains at level 27, which means many crypto traders are still experiencing extreme fear, according to CoinMarketCap, Sunday (14/12). This comes after Bitcoin (BTC), which held at US$90,000, had to revert to US$89,000.
As a result, many investors are fleeing the market, especially after Bitcoin crashed in the last week. Not only that, institutional purchases in recent weeks and the Federal Reserve's interest rate cuts have not been able to boost the market to its highest levels.
In addition, according to several experts, the market is neither in a bearish nor bullish phase. Rather, the market is currently in an extended consolidation window with excess supply being absorbed.
*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*
