It seems that many parties have started to prepare themselves for the future bullish period. I don't know why there are so many negative issues that have been blown up, but more and more investors are buying more Bitcoins. With this, of course, it is more convincing that sometimes, the market is manipulated and deliberately given FUD so that they can buy more.
So, why should we be worrying and also negative thinking about Bitcoin sometimes when the price of bitcoin dropped again? This is a good time to buy more Bitcoin, right?
So, why should we be worrying and also negative thinking about Bitcoin sometimes when the price of bitcoin dropped again? This is a good time to buy more Bitcoin, right?
Negative issues that continue to be exaggerated will certainly have a purpose for the personal interest of a person or group, even negative issues in the past are brought up again just to enliven the current FUD. Some parties who want to get cheap prices do manipulation strategies on market fundamentals and so they will be prepared and will sell when the bullish period comes. and when the market is bearish as it is now it's the right time to buy bitcoin, and it could even be lower than the current price. Preparing spare money for the next crash is certainly a recommended strategy.
Market sentiment is currently relatively unchanged as last month. market sentiment is at number 24 out of 100 which puts the current status of market sentiment as "Extreme Fear" In 2022 the market sentiment index only reached 60 as the highest level, compared to 2021 which reached the level of 95 in February.
https://alternative.me/crypto/fear-and-greed-index/