Bitcoin pullbacks that were deeper than 50% on a weekly time frame using log scaled chart.
Red drawdowns are the biggest ones in the history since 2013. These are drawdowns deeper than 50%. Will this be another bearmarket or the biggest bear trap of all time?
Previous drawdowns for bitcoin starting at 2013 to current price action. Bitcoin has rarely had more than 50% drawdowns without it being an overall market crash.
I find it quite fascinating how the fear and greed index is at one of the lowest points in a year, yet price is over 10x the march lows in less than 12 months, and everyone is losing their minds. Human psychology is as primitive as it was thousands of years ago. Love it!
Fear and greed and btc daily portraying some key levels when fear and greed spikes into extreme fear.