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Bitcoin: Extreme fear among investors could signal that a turnaround is imminent

Bitcoin (BTC) has been stuck in the midst of its immense volatility in the last few days and weeks. Now the recent sideways trading has led to a massive move that caused maximum pain for traders.

This volatility has coincided with investors '”extreme fear” signaling an impending bullish turnaround, which may be driven by analysts' expected volatility surge.

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Bitcoin falls to $ 7. is then driven by bulls to $ 7.

At the time of writing, Bitcoin trades at the price of 7 Its daily lows of just over 7. reached yesterday's clearance.

This sell-off has led many analysts and investors to believe that another downtrend is imminent. Eventually, this led to a strong upswing that caused the cryptocurrency to move up to highs of 7 2019 $ perform.

From that point on, Bitcoin has retreated slightly to its current price level – and its inability to sustain the upturn has challenged the long-term importance of this rally.

Popular Twitter crypto analyst Hsaka, for example, believes that crypto markets, and Bitcoin in particular, will soon see strong volatility. Hsaka:

“$ BTC: Stop at . 7680 reinterpreted. Think I'm done with swing trading for a while, so volatility will rise again. “

Extreme fear among investors – an optimistic sign?

In addition to analysts' expected volatility, it should be noted that investors are currently expressing extreme fears that have historically been counter-traded by investors.

Mr. Anderson, another popular Twitter cryptocurrency analyst, also thinks that this market sentiment could be an optimistic sign for Bitcoin. Mr. Anderson on this:

However, the combination of Extreme Fear with Funding, which shows a week's worth of shorts willing to pay a premium, is a set-up suitable for disciplined CounterTrend trades. Inexperienced people should stay outside. “

Should the bulls be able to maintain the upside momentum that was triggered as BTC at 7 800 $ rose – then the crypto-father could be ready for further short-term gains.

Text Proof: newsbtc

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