Expert Predicts Further Downside For Bitcoin As Fear and Greed Index Drops To 10
The Bitcoin Fear and Greed Index slumped to extreme fear at 10, its lowest level since the Terra Luna crash in 2022, sparking fresh concerns among investors. Meanwhile, adding to the panic is a recent expert prediction speculating that Bitcoin is not yet off the hook and investors should prepare for further downside.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Bitcoin Updates: Fibonacci-Based Bullish Outlook for Bitcoin Faces Fed-Driven Uncertainty—Is $140,000 Achievable?
- Bitcoin nears 61.8% Fibonacci retracement ($92,499), a key level historically linked to bullish breakouts and market stability. - Institutional demand and controlled pullbacks suggest resilience, with technical analysts projecting a $140,000 target via 1.618 Fibonacci extension. - MicroStrategy's Michael Saylor reaffirms Bitcoin accumulation, while Fed liquidity injections and rising SOFR rates introduce macroeconomic uncertainty. - Institutional players like Standard Chartered set $133k-$200k year-end t
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