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Now, Gather āRound for the Latest Bitcoin Tale:
- Bitcoinās Greed & Fear Index has tumbled into a pit of despair so deep it could make a grown man weep, claims 10x Research š.
- When fear hits āextremeā levels, itās usually a sign the circus is about to start again š¤¹āļø.
Dear reader, the Bitcoin sentiment meterās gone and flopped face-first into the dirt-so low, in fact, that 10x Research reckons we might be staring at a ātactical low.ā Now, donāt get too excited-ātacticalā here means the sort of low thatād make a gamblerās heart skip a beat, not your mamaās āsafe as housesā investment.
Their fancy-pants āGreed & Fearā Index? Itās slithered down to less than 5 points-lower than a snakeās belly in a wagon wheel rut. Anything below 10% means folks are scared spitless, and above 90%? Well, thatās when the moon-boys start howlinā at the sky š.
But hereās the kicker: the 21-day moving average (thatās the slow-moving cousin of the index) has sauntered down to 10%. Historically, this numberās been a regular āBuy Lowā billboard for those with nerves of steel and wallets to match šø.
āOur Greed & Fear Index is sittinā prettier than a peacock in a barnyard, and the slowpoke averageās hit 10%,ā quoth Markus Thielen of 10x Research. āThis olā indicatorās been here before, and it usually means a tactical lowās lurkinā āround the corner.ā
Now, donāt go betting your farm on a turnaround just yet. The price might still take a tumble-like a barrel off a cliff-as we saw in March when the index bottomed out before Bitcoin kept slidinā into April. But lo! A 10% rebound followed faster than a cat on a hot tin roof šāļø.
At press time, BTC is currently changinā hands for around $84,800 a pop, after kissinā a low of $80,880 on Friday. Aināt that a sight? Prices are still down 10% for the week (ouch) and a whopping 23% for the month (time to sell the horse?) š.
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2025-11-22 07:10