‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal -Breaking
On May 25, the crypto market settled in a hold pattern after traders chose to remain on the sidelines before the FOMC midday meeting. Federal Reserve signaledThat it will continue to raise interest rates. AccordingAlternative.me data indicates that the Fear and Greed Index sees the longest stretch of extreme fear in the index’ history since Mach 2020, when the market crashed.
From Cointelegraph Markets Pro TradingViewIt shows that price action for (BTCThe trading range for ) has been shrinking, and technical analysis indicators have not provided much information about a potential breakout.