👉👉A First in Bitcoin in 18 Months: Extreme Fear Was Seen, It Had Reached the Bottom Before! 👈👈

The Fear and Greed Index in the Bitcoin and cryptocurrency markets has reached a significant milestone after 18 months.

The index fell to 25 points, which indicates the level of “extreme fear” for Bitcoin and cryptocurrencies. This situation was last recorded in January 2023.

At that time, the average price of Bitcoin was around 19 thousand dollars, and this level was very close to the range of 16-18 thousand dollars, which was considered the long-term bottom.

There May Be More Decline

Crypto and forex trader Justin Bennett noted that Bitcoin “once again” refuses to surpass $60,000 and noted a possible “rising wedge” formation. The analyst emphasized that if this formation occurs, there may be a further decline in the coming days.

In the last week, the German government and Mt. It was observed that the selling pressure created by Gox pulled the Bitcoin price below 54 thousand dollars.

Bitcoin, which has increased by 1% in the last 24 hours, is traded at $ 57,069 at the time of writing.

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