Bitcoin Fear & Greed Levels Hit 2021 Bear Market Lows: Could $220K Be Next?

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 10, 2024 17:26

Bitcoin’s Fear & Greed Index has plunged to levels not seen since the 2021 bear market, despite Bitcoin’s current price being four times higher. Back in 2021, when the index was this low, Bitcoin was trading at $15 to 17k before skyrocketing to an all-time high of $69k. Now, with the Fear & Greed Index hitting similar lows, market watchers speculate that Bitcoin might be gearing up for another significant surge. If history repeats itself, BTC could potentially climb to a staggering $220k from its current value.