- The price of Bitcoin continues to dwindle leading to falling market sentiment.
- The Crypto Fear and Greed Index fell to a score of 50 marking ‘Neutral’ sentiment.
- Analysts remain highly optimistic and view this as a golden opportunity to accumulate.
The Crypto Fear & Greed Index falls to a score of 50 marking ‘Neutral’ sentiment after a long few months of ‘Greed’ and ‘Extreme Greed’ months. While this shows a spike in FUD sentiment, seasoned analysts view this move as a golden opportunity to accumulate and prepare for the parabolic pumps ahead.
Market Sentiment Falls to Neutral
In particular, Q1 of 2025 is expected to usher in the golden phase of this bull cycle’s altseason. Similarly, many reputed analysts expect Bitcoin price to retake its precious ATH of $108,268.45 and continue to surge to hit plenty of new ATHs before hitting its cycle peak price for this ongoing bull cycle.
As we can see from the post above, this analyst marks how Bitcoin price has dwindled to the bottom of its $91,000 to $101,000 sideways movement range. He expects the asset to hold the $91,000 support to avoid falling further and slipping to an even lower downside. That move would only deepen the asset’s multi-week corrective period.
Analysts Remain Highly Optimistic
Meanwhile, another reputed analyst reminds the crypto market that the Bitcoin bull cycle is very much still in play. He says that as long as BTC price maintains a monthly close above the 38.2% Fib retracement level, the bullish momentum stays intact. He also draws light to how BTC surged by 120% between August to December and says that a corrective phase was only natural before another rally.
