Bitcoin Fear & Greed Index Hits New Low; Analysts See $60K Bottom

The Bitcoin Fear & Greed Index has reached a historic low, prompting experts to argue that $60,000 may mark BTC's lowest point.

The Bitcoin Fear & Greed Index has plummeted to an unprecedented low, raising eyebrows among market analysts. Some experts are now positing that the $60,000 mark could potentially represent the lowest point for Bitcoin (BTC).

This drastic drop in sentiment reflects a significant level of pessimism among investors, as they grapple with the current market conditions. Historical trends often provide valuable insights, but do they support the assertion that $60,000 is indeed the bottom?