Bitcoin Fear Index Signals that BTC is Likely to Surge Higher in Coming Days5.4

The age-old trader’s adage of selling when people are greedy and buying when people are fearful has proven to be empirically accurate, and the same credo applies to Bitcoin (BTC) and the general crypto markets, as upwards price surges typically come about when market participants grow increasingly weary of the market conditions.

Now, Bitcoin’s fear index is signaling that traders are more afraid of an imminent pullback at BTC’s current price levels than during the asset’s previous pullback that sent it down to $3,900 after it sharply rose to $4,200 in late-February.

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