Bitcoin’s Fear & Greed sentiment indicator fell to its lowest ever level, leading some analysts to suggest that $60,000 was the bottom for BTC. Does historical data agree?
Long-term Bitcoin holders sold 245,000 BTC as the price fell under $60,000 last week, but a fresh set of US macroeconomic cues and an uptick in BTC dip-buyers may signal that the market has bottomed.
Bitcoin and several major altcoins are not out of the woods yet, especially since they face significant selling near their range highs. Do charts show BTC and altcoins forming a bottom?