$60,000, $56,800, and $54,000 have been crucial price levels for Bitcoin that sent the market in a panic mode and almost created havoc among traders. Each time BTC fell under the aforementioned price levels the chants of “buy the dip”, “Black-Friday discount” and other such positive sentiments anticipating a quick reversal popped up but the larger market’s mood seemed to tilt towards bearish.
As Bitcoin oscillated at $54,366, at the time of writing, its price was merely 20% down from its all-time high, however, the market had reentered “extreme fear” for the first time since the $43K level, on 27 November, 2021.
Source: Alternative .me
BTC’s fall by $6,000 in a single day took its toll on the fear and greed Index, as the score more than
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