Thursday 10 June 2021

Bitcoin: Has Extreme FEAR and Capitulation Been Reached Yet?

Bitcoin crash: has extreme fear and capitulation been reached yet? Before bitcoin had dropped nearly 50% from its highs, there were several warning signs on the crypto. We mentioned these warning sign in previous videos - for example the extremes in euphoria and greed. In this video we shall dig deeper and look at the current bitcoin sentiment readings and see if levels of extreme fear have been reached. Have we seen capitulation yet? Is there still a risk of re-testing the panic lows of May on Bitcoin? We shall look at the charts. TA Video by Alessio Rastani.