Bitcoin (BTC) price may have recovered after a period of intense volatility in the last 7 days but price still saw downside osciallating at $87,000.
However, the market is still in a state of uncertainty, especially as economic conditions, fuel skepticism about its ability to recover in the short term.
Bitcoin had a $87,246 press time price indicating bearish pressure. This underscores slight improvements as far as market sentiment is concerned and this was perfectly captured in the Fear and Greed index.
Bitcoin fear and greed index/ Source: Alternative.me
Market sentiment dipped as low as 10 a week ago but it has since recovered to 25 at the time of observation. However, it was still in extreme fear territory, indicating that it may not be out of the woods yet.
Bitcoin Price May Feel Stock Market Woes
Although in last 2 day Bitcoin price achieved some recovery above $90,000, the threat of more potential downside could push prices lower.
A major potential reason why inve
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