The Crypto Fear & Greed Index, which tracks market sentiment towards Bitcoin and crypto markets, has returned to October levels in the final days of 2024 due to the Bitcoin crash. According to the December 30 update, the index is at its lowest level since October 15, at 65 points, still in the greed zone.

According to CoinGecko, the Bitcoin price is around $93,000, down 13.7% in the last 12 days. Analysts are warning of a major decline amid the shift towards stablecoins.

The index remained above 70 in November and December. During this period, Donald Trump won the US presidential election and many pro-crypto politicians won seats in Congress. On November 22, the index peaked at 94 points.

Markus Thielen of 10x Research noted that some analysts predicted a parabolic move ahead of Trump’s inauguration, followed by a significant correction. Thielen said he has a different perspective and expects volatility to increase soon.

Experienced trader Peter Brandt suggested that Bitcoin could be going through a "Hump Slump Bump Dump Pump" pattern. This pattern means that the price initially rises (hump), then falls (slump), recovers (bump), falls again (dump), and finally rises again (pump).

CoinGecko researcher Prem Reginald stated that Bitcoin is the best performing asset of the last decade. In 2024, Bitcoin showed the best performance with a 129% return.

How do you think Bitcoin's price movements will shape up? We are waiting for your comments.