Too many people talk about Bear Market. Would it be over by now?

Some observations from a psychological point of view show that when people talk about Bear Market, Bear Market may be about to end.

Bear Market Concern Strong Rising

Most of the analysis at the moment makes pretty pessimistic forecasts. In addition to the belief that “Bitcoin is always uptrend,” many predictions of bullish support also began to change when Bitcoin could not stand above $32,000.

The moment when the gloomiest price of the Crypto market in the past coincided with when people looked for information about the surging “bear market.” It is December 2018, or March 2020, when everyone was almost “desperate” because of the COVID pandemic.

Once again, the trend of interest in the “bear market” surged in Q1/2022, but it is still not equal to March 2020. Analysts and news reports repeated phrases such as “Crypto winter”, “bear market”.

The above observation also indicates that the 67-week period equivalent to 469 days is the period from the Bitcoin peak to the start of the recovery. And the other thing that matches, is that the present is the end of this period.

The greed and fear index is below the 20 oldest points ever.

The market is rated extreme fear is not uncommon, but constantly in extreme fear for a month is unprecedented from 2018 to date.

The reason is that Bitcoin has never experienced a downward spiral lasting up to 9 weeks, but the price has not recovered as recently. Normally, the greed and fear index score is less than 20 points and then 10 points in a short time and recovers immediately. But constantly below 20 points is unprecedented, not only in 2021 but also in 2018.

There is also an index period above and below 20, almost a month. It was the end of 2018. But the market fell into a downtrend at a split price, from $6,000 to nearly $3,000.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

CoinCu News

KAI