Given the sheer depth of negative market sentiment for Bitcoin, it would take a brave person to predict that a bottom could be in. However, based on technical analysis, the bottom is indeed forming, or is already in. Is this the case, or is the vast majority of the market right, and the bull market is over?
Source: Alternative.me
Sunday’s Fear and Greed reading of 10, which is one of the lowest measurements since the beginning of 2018, expresses just how bad market sentiment has become. Be that as it may, every other time sentiment has been this poor, it has marked a bottom and a big rally has usually followed.
A bounce from major confluences
Source: TradingView
The 4-hour chart for the $BTC price shows that the price has just retested the confluence of the descending channel (blue lines) and the major ascending trendline. The 0.618 Fibonacci also runs directly through this confluence, so if there ever was a place for a bounce it was here.
Will there be any more sideways
We współpracy z: https://cryptodaily.co.uk/2025/11/is-bitcoin-btc-bottom-forming-price-analysis
