Bitcoin (BTC) Fear & Greed Index Remains in the Extreme Fear Zone
— Day ema would bring r2, Resistance levels untested early, Ema, “ fear ” zone would deliver btc support, Bitcoin fear, Early low, Third major resistance level, Originally posted, Sits, 100day — 1 min read
On Tuesday, bitcoin (BTC) slipped by 0.27% to end the day at $20,159. The NASDAQ supported a brief recovery through the US session. Technical indicators remained bearish, with bitcoin below the 100-day EMA. The Bitcoin Fear & Greed Index slipped from 19/100 to 18/100. The Index last sat in the “Fear’ zone on May 5, when bitcoin stood at $36,630. The FOMC meeting minutes will also draw interest, with ISM non-manufacturing PMI (Wed) in focus this afternoon. Weak ISM numbers and a Fed willing to bring inflation to target at any cost would pressure bitcoin. For the bitcoin bulls, avoiding a return to sub-14/100 was bitcoin positive Source