Extreme fear, but this may benefit Bitcoin
BTC has fallen to $65.6k for the first time since March 1. Against this backdrop, retail has entered the zone of extreme fear.
Historically, such moments are fuel for a rebound. When the crowd is in fear, the market often goes in the opposite direction.
The situation now is as follows:
— uncertainty due to the war remains high
— there is almost no optimism
— fear dominates
These are precisely the conditions under which the market can turn upwards.
BTC has fallen to $65.6k for the first time since March 1. Against this backdrop, retail has entered the zone of extreme fear.
Historically, such moments are fuel for a rebound. When the crowd is in fear, the market often goes in the opposite direction.
The situation now is as follows:
— uncertainty due to the war remains high
— there is almost no optimism
— fear dominates
These are precisely the conditions under which the market can turn upwards.