As the crypto markets experience what the Crypto Fear & Greed Index labels “extreme fear,” it’s important to analyze several aspects before giving into whatever the Fear & Greed index says. Recent developments suggest that the worst of the crypto downturn might be behind us, despite the lingering anxiety.Over the past weekend, Bitcoin witnessed a significant sell-off triggered by the “Sahm Rule” following a negative reception to the latest jobs report.
Watching for key signals on daily RSI and price action to determine when Bitcoin will be heading toward the open CME Gap at $62,470While the market presents numerous challenges, staying informed and agile will be key to navigating this period. As we continue to monitor these developments, remember that strategic patience often pays off in the complex world of investing.Co-founder and lead instructor at The Better Traders, Inc.
The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc.
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