{"id":393901,"date":"2019-08-22T04:42:25","date_gmt":"2019-08-22T04:42:25","guid":{"rendered":"https:\/\/wncen.com\/?p=393901"},"modified":"2024-06-11T13:24:36","modified_gmt":"2024-06-11T13:24:36","slug":"bitcoin-fear-greed-plunges-to-lowest-value-as-btc-loses-10000-bounce-incoming","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-fear-greed-plunges-to-lowest-value-as-btc-loses-10000-bounce-incoming\/","title":{"rendered":"Bitcoin Fear & Greed Plunges to Lowest Value as BTC Loses $10,000: Bounce Incoming?"},"content":{"rendered":"

Just 72 hours ago, Bitcoin<\/a> investors were bullish. After remaining in the low-$10,000s for a number of days, the cryptocurrency suddenly broke out, moving past key resistances. It even tapped $11,000 after a surge of buying pressure.<\/p>\n

This surge higher made some analysts bullish, as the reclamation of $10,800 and other key technical levels was a positive sign.<\/p>\n

But, the party quickly ended, with there being a massive sell-off on Tuesday as bulls failed to keep up the pace. As of the time of writing, Bitcoin has slipped under $10,000 once again, failing to remain in the five digits. The cryptocurrency is down some 4% on the day.<\/p>\n

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According to the Bitcoin Fear and Greed Index<\/a>, this sudden reversal has resulted in a reading of five<\/a> \u2014 the index’s lowest value in its history. This is crazy, especially considering that BTC is trading over 300% higher than its bottom price of $3,150.<\/p>\n

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Fear and greed index is at 5 \u2013 the lowest value in history.$BTC<\/a> $BTCUSD<\/a> #bitcoin<\/a> pic.twitter.com\/x4SPn2kjeY<\/a><\/p>\n

— CryptoHamster (@CryptoHamsterIO) August 22, 2019<\/a><\/p><\/blockquote>\n