The market in panic with 14-period Rsi below 30, guaranteed buying opportunity for Bitcoin
znizan
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Fear in the crypto market is still declining, we are at 20 points of fear, about to enter extreme fear.
What could happen if the market enters extreme fear mode?
1. Massive selling: Many traders and holders sell their assets out of fear that the price will continue to fall, which creates even more downward pressure.
2. High volatility: Price movements can be abrupt, with sharp declines and possible rebounds.
3. Panic and liquidations: If the market drops quickly, many leveraged traders may be liquidated, which accelerates the decline.
4. Loss of confidence: Investors may avoid the market, reducing trading volume and liquidity.
5. Opportunities for long-term purchases: Some investors see extreme fear as a buying signal, following the philosophy of "buy the fear, sell the greed."
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