{"id":62906,"date":"2022-06-14T20:48:49","date_gmt":"2022-06-14T17:48:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62906"},"modified":"2025-09-05T20:50:04","modified_gmt":"2025-09-05T17:50:04","slug":"cryptocurrency-fear-and-greed-index-hits-march-2020-levels","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptocurrency-fear-and-greed-index-hits-march-2020-levels\/","title":{"rendered":"Cryptocurrency Fear-and-Greed Index Hits March 2020 Levels"},"content":{"rendered":"

The Fear and Greed Index fell to a reading of 8, comparable to March 2020 values. At the time, Bitcoin’s price hit a bottom at around $3,800.<\/p>\n

<\/p>\n

\\\"Cryptocurrency
Data: alternative.me<\/a>.<\/figcaption><\/figure>\n

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According to Arcane Research analysts, the index has spent 56 days in the fear zone, a record.<\/p>\n

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Market participants are undoubtedly tired of this; many capitulate. Historically, buying has been a profitable strategy in periods of fear. However, it’s not easy to catch a falling knife, the researchers said.<\/p>\n<\/blockquote>\n

\\n\\n\\n\\n<\/p>\n

In technical analysis, $20 000 is a critically important level for Bitcoin, as it marks the peak of the previous price rally.<\/p>\n

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\\\"Cryptocurrency
Data: Arcane Research, TradingView.<\/figcaption><\/figure>\n

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Throughout its history, Bitcoin has never traded below the cycle’s peaks. Therefore, a move below this level could trigger the capitulation of many hodlers and deleveraging, the experts noted.<\/p>\n<\/blockquote>\n

\\n\\n\\n\\n<\/p>\n

Around the $20,000 mark, there is also significant open interest in Bitcoin options. This is an additional pressure on the spot market if the aforementioned level does not hold against the bears.\\n<\/p>\n

Earlier, Glassnode analysts predicted<\/a> that the market is entering the deepest phase of the bear cycle.<\/p>\n

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Follow ForkLog’s news on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Fear and Greed Index fell to 8, comparable to March 2020 levels.<\/p>\n","protected":false},"author":1,"featured_media":62907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1384],"class_list":["post-62906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-fear-index"],"aioseo_notices":[],"amp_enabled":true,"views":"62","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=62906"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62906\/revisions"}],"predecessor-version":[{"id":62908,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62906\/revisions\/62908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/62907"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=62906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=62906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=62906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}