Bitcoin's recent dip into the Fear territory on the Crypto Fear and Greed Index may signal a buying opportunity, according to a report by Copper. The analysis of 40 past fear events shows Bitcoin typically declines 10% to 12% over three to four weeks before rebounding 15% to 30% in the subsequent six to ten weeks. The recent low near $102,000 to $103,000 could represent a Fear-driven bottom, with potential recovery toward $125,000 to $130,000 by mid-December.
The report also highlights that the current bull run might differ due to factors such as Donald Trump's market influence and the introduction of Bitcoin ETFs. These elements have reduced volatility but may also limit sharp upward movements.
Bitcoin's Fear Index Drop Signals Potential Buying Opportunity
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