Crypto Market Fear Index Stays in Extreme Fear for 14 Days
- Prolonged Market Sentiment: The Crypto Fear & Greed Index dropped to 20 on December 26, remaining in extreme fear for the 14th consecutive day, indicating a persistent lack of confidence among investors that could lead to further market declines.
- Escalating Investor Sell-off: Since October 10, fears over US-China trade tensions have triggered nearly $500 billion in sell-offs, reflecting how macroeconomic uncertainties suppress risk appetite and potentially influence future investment decisions.
- Decline in Retail Investor Engagement: Analytical firm Alphractal reported a significant drop in crypto-related search volumes in December, suggesting that retail investors are distancing themselves from the market amid ongoing volatility, exacerbating the prevailing negative sentiment.
- Institutional Inflows Persist: Despite the bearish market sentiment, U.S. Bitcoin ETFs have attracted over $25 billion in inflows this year, indicating that traditional investors remain optimistic about long-term prospects, which may provide some support to the market.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36142.556 | 48071.278 | 60412.576 | 72341.298 | 84682.596 | 96611.318 | 108952.616 |
| Fibonacci | 48071.278 | 57342.426 | 63070.15 | 72341.298 | 81612.446 | 87340.17 | 96611.318 |
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