BTC Market Sentiment at Lowest Level
Crypto market sentiment has fallen to its lowest level in over 3.5 years as Bitcoin declines to around 60,000 dollars with double-digit percentage drops. The Crypto Fear & Greed Index dropped to 9 out of 100 on Friday, signaling extreme fear, and was recorded as the lowest level since the June 2022 Terra blockchain collapse. The index has been trending low for the past two weeks; BTC lost 38% value in three weeks from its 2026 peak of 97,000 dollars, wiping out 16 months of gains.
The Crypto Fear & Greed Index hit a score of 9 out of 100 on Friday as Bitcoin continued to slide. Source: Alternative.me
BTC Price and Technical Breakdown
Bitcoin dipped just above 60,000 dollars, the lowest since October 2024, in early Friday morning trading on Coinbase, currently trading at 64.434 dollars with a %9,91 drop in 24 hours. The price fell below the 200-week exponential moving average, a rare occurrence in bear market depths. RSI at 20,93 in oversold territory; Supertrend bearish. Supports: 62.909$ (strong) and 60.000$. Resistances: 65.881$ and 71.040$. Over 588,000 traders lost 2.7 billion dollars in BTC futures liquidations in the last 24 hours, 85% long positions. CoinEx Research chief analyst Jeff Ko highlighted the sell-off wave in US tech stocks, while LVRG Research director Nick Ruck emphasized soft labor market data.
BTC falls below 200w EMA to bear market lows. Source: TradingView
MicroStrategy CEO Phong’s BTC Worst-Case Scenario Warning
Bitcoin fell below 70,000$ for the first time since November 6, 2024. MicroStrategy CEO Phong stated there would be no contracts below the average purchase price of 76.000$, noting that in the worst-case scenario, an 8.000$ BTC price would make debt payments difficult. These statements ignited discussions on BTC detailed analysis; the market focused on Fed caution.
Source: https://en.coinotag.com/bitcoin-fear-index-drops-to-9-market-in-panic
