Bitcoin Struggles Amid Fear and Uncertainty
Key Takeaways
- The Crypto Fear and Greed Index currently stands at 31 – indicating fear in the market.
- Bitcoin is trading around USD 84,500 but continues to show a bearish tendency.
- Long-term indicators such as the Bitcoin Rainbow Chart suggest attractive entry opportunities.
- Technical analysis shows: no clear upward trend, resistance levels remain intact.
What Does the Fear and Greed Index Mean?
The Crypto Fear and Greed Index measures market sentiment based on various factors such as volatility, trading volume, social media activity, Google Trends, and Bitcoin dominance. A value of 31 represents “fear” – many market participants are currently cautious or pessimistic. Since February, this value has remained consistently low, indicating ongoing uncertainty in the market.
Bitcoin: Between Hope and Reality
At the time of analysis, the Bitcoin price was around USD 84,500. Despite this level, the short-term trend remains bearish according to technical analysis. The price has failed to form a new high and has been struggling with a resistance line for weeks. The market lacks clear direction: the ADX (Average Directional Index) is below 20 – a sign of a weak trend. The MFI (Money Flow Index) is also hovering just above the neutral level of 50.
Long-Term Outlook: Bitcoin Still “Undervalued” According to Rainbow Chart
The Bitcoin Rainbow Chart, a long-term indicator, currently signals a buying zone. Historically, previous bull markets have emerged during similar phases. If the pattern repeats, Bitcoin could reach the “Sell, seriously SELL!” zone by the end of 2025 – which would correspond to a price level of around USD 250,000. Important: The Rainbow Chart is a visual tool and should not be used as the sole basis for investment decisions.
Macroeconomic Uncertainty Weighs on the Market
In addition to technical factors, the global market environment also plays a role. Uncertainty in bond markets is impacting equity markets – which in turn are influencing the crypto market. Such external influences are amplifying investor caution.
Short-Term Price Targets and Possible Scenarios
Although the market currently appears weak, there are short-term price targets. Liquidation levels around USD 89,500 could be a realistic target in the event of a short-term recovery. However, a sustained breakout to the upside is not expected at this time. Traders should proceed with caution and follow clear strategies.
Our Assessment
The current market situation is marked by uncertainty. The low Fear and Greed Index shows that many investors are cautious – and with good reason. Technical indicators confirm the lack of an upward trend. For long-term thinkers, the Rainbow Chart suggests attractive entry points. In the short term, caution remains advisable. Watch resistance levels closely and only trade with well-defined setups.
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Sources
- Alternative.me
- Blockchain Center
- TradingView
- The Kobeissi Letter
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $83,836.00 |
| 24h % | -1.47 % |
| 7d % | 10.30 % |
| 30d % | 0.69 % |
| 60d % | -14.29 % |
| 1y % | 32.17 % |
| Market Cap | $1,664,684,697,826.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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