Bitcoin at extreme fear... what this really means for crypto and BTC. Bitcoin sentiment has fallen to fear and extreme fear. The sentiment and emotions of bitcoin traders has become very negative, bearish and pessimistic on the crypto. But is this a contrary indication? In other words, is this a positive sign for bitcoin? I shall explain in this video that while an extreme in pessimism is usually a contrary and positive sign for bitcoin, there is one major exception to this rule that many people forget. In fact, when bitcoin (or price) does not respond well to pessimistic or fearful sentiment, that is often important information that we need to focus on. We shall look at the charts and explain. Video by Alessio Rastani.
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