BTC Extreme Fear scores 21 which is the lowest since July 22. The Fear and Greed index shows the investors’ sentiments and tendencies towards the market.
The live Bitcoin price today is $42,140.46 USD with a 24-hour trading volume of $45,241,412,550. Bitcoin is down 2.92% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $793,207,520,204.
Obvious from the image below, the index has turn red at 21 indicating Extreme Fear in the cryptocurrency market. A score of 0 is the maximum Fear and a score of 100 is maximum greed. When there is fear in the market, there is always a buying opportunity however the maximum greed index indicates that a correction in the market is due.
The extreme fear has taken over the market and the number are as low as it was last on July 22.
BTC Extreme Fear: The technical Side
BTC closed bearish today and it still has more room to decline. However, the focus will be on the Daily candle tomorrow and on the Fed event. $38,300-$39,000 is the support zone and $44,000 is the resistance target here.