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26 July 2021

Crypto Fear and Greed Index Taps Low at 'Extreme Fear,' BTC Technicals Point to Uncertainty – Market Updates Bitcoin News

Crypto Fear and Greed Index Taps Low at 'Extreme Fear,' BTC Technicals Point to Uncertainty – Market Updates Bitcoin News


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Crypto Fear and Greed Index Taps Low at 'Extreme Fear,' BTC Technicals Point to Uncertainty – Market Updates Bitcoin News.

Meanwhile, the sentiment metric recorded by the Crypto Fear and Greed Index (CFGI) is extremely low, pointing to “extreme fear” in the market.

After BTC dropped to $29,300 on Tuesday, the Crypto Fear and Greed Index (CFGI) tapped a low of ten on the charts.

The score of ten is not the lowest point the CFGI metric has recorded but it is very low in comparison to most days.

The last time the CFGI metric recorded a ten was in mid-June and at the end of May as well.

Since the end of May, the CFGI metric hasn’t been this low in over a year as the last time the CFGI hit a ten or lower was during the March 12, 2020 market rout, otherwise known as ‘Black Thursday.’.

In contrast to the CFGI, Tradingview’s BTC/USD technicals show a similar story but some of the indicators can be perceived as a different outlook.

What do you think about bitcoin’s CFGI metric tapping “extreme fear” and the technicals from today’s Tradingview stats.

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