We are approaching to a limit that we have not reached since June 25, 2019.
The Crypto Fear & Greed index is at the highest value so far this year, 90 on a scale of 100, although this value is not yet the ATH.
Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
When Investors are getting too greedy, that means the market is due for a correction.
The ATH was obtained 17 months ago, when it reached 92 out of 100 points.
What happened later we all know, a 68% correction which lowered BTC price from 13800 to 3800 USD in an interval of time of 8 months.
I don't think we will see that correction in the coming weeks but I do think it will, but to a lesser extent.
The possible supports would be:
- $ 13,890
- $ 12,000
- 10,900/10300$ Area
What do you think? should we expect a healthy correction?
@toofasteddie*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.