The BTC Fear and Greed Index finally shows “Fear”. For the first time since September 12, 2023, when the price adjusted to $25,100.
Then the price of#BTCwent through a long sideways movement in the 180-day range between the volume levels of $24,801 and $31,293. The correction from the peak of $31,790 to the low of $25,100 was almost -21% and lasted 60 days.
And just on September 12, a reversal began. And growth to a new ATH of $73,782 in the next 184 days. Although, at the moment before the start of this upward movement, many were talking about the “Double Top” for the summer-autumn 2023 and bearish sentiment flourished in the market.
Now the price of#BTCis showing a more exhausting sideways movement, as expected for the fourth wave. The price has been moving sideways in the range between volume levels of $59,335 and $72,983 for 118 days. BUT from the high and ATH of $73,782 to yesterday’s low (which does not interrupt the low on May 1), the correction has already taken much longer - 103 days. An exhausting range that managed to put the market into fear, only slightly lowering the price below $60,000. And again the words about the “Double Top” are heard more and more loudly.
