Extreme Fear in Crypto market
This fear and grid index is a very important parameter in the market to see how things are going in the market, and right now, the snapshot which I have shared, where the extreme fear is observed and currently it is 1,2, which is very low. I don't remember if I have ever seen this kind of fear in the market before, so it looks like this is the kind of very bad situation in the market right now.
It can be definitely a good time to buy Bitcoin for the long term obviously because in the short term things might take pretty much longer time to be profitable and so far in the history of Bitcoin it has always been proved that whatever price you purchase Bitcoin there will be a time when it will be profitable so it might be a time taking process but it has always happened.
I don't know how much this is going to take when I'm talking about the time that we will see some sort of good recovery on this index but for now this is really very low And within a year we have seen different phases of the market when sometimes the market was so much bullish and now it is bearish where people are in fear and they are not holding their investment which is why the prices are crashing but still we see some sort of recovery sign in the market so let's see if that turned out to be good for the overall markets and sentimnets.
It is a crypto market, and whoever is part of the market is well aware that it is a volatile market where anything can happen. So when we are anticipating some good growth, there is a possibility that it might take some time, and we see some higher volatility because of that, holding time can be increased.
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