The Crypto Fear & Greed Index is currently at 15, placing it within the "extreme fear" position. This marks a huge drop, considering the index was 24 last week and 37 last month.
The recent drop in the index reflects widespread loss of confidence and an increase in selling pressure. For now, such low levels suggest that investors are avoiding crypto purchases in the short term.
If the index continues to decline, reaching 10 or lower, then the bearish bias in BTC price movements could intensify further.
Key Levels:
$90,000 – Main Resistance: This level, which previously acted as major support, now serves as key resistance
$84,000 – Immediate Barrier: This is currently the closest resistance level and represents a neutral zone in recent sessions.
$76,000 – Key Support
