BITCOIN CANNOT EXCEED 60 THOUSAND DOLLARS!
The Bitcoin index fell to extreme fear levels and failed to surpass the $60,000 level twice. Investors seem extremely worried and pessimistic about the current market.
Bitcoin's failure to exceed the $60,000 level twice is due to investors' reservations and the belief that it will correct itself above 60,000.
During periods of extreme fear, Bitcoin's volatility usually increases and price fluctuations become more pronounced. While such periods are seen as buying opportunities for some investors, they increase risks for others.