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We are still in the Fear Zone

lieutenantdan - 2024-08-12 21:02:45

Bitcoin is still in the Extreme Fear zone


Bitcoin may not feel as bad as it did early last week, but it's not great.


Based on the fear and greed index, we are still in the fear zone, technically still in the extreme fear zone.


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(Source: https://x.com/BitcoinNewsCom/status/1823034209826693463/photo/1)


Buying extreme fear and selling extreme greed often yield great results.


Sentiment is a great indicator of where price will eventually head, especially with bitcoin.


When everyone is on the same side, the price usually goes the opposite way.