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Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market

Cryptocurrency May 19, 2022 07:00PM ET
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Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market

Bitcoin (BTC) support at the $30,000 level has proven to be quite resilient amidst the turmoil of the past two weeks with many tokens in the top 100 now showing signs of consolidation after prices bounced off their recent lows.

Fear & Greed Index. Source: Alternative.me

During high volatility and sell-offs, it's difficult to take a contrarian view and traders might consider putting some distance from all the noise and negative news-flow to focus on their core convictions and reason for originally investing in Bitcoin.

Bitcoin realized profit/loss. Source: Twitter (NYSE:TWTR)
BTC/USD RSI. Source: Twitter
Bitcoin dormancy flow. Source: Twitter
Advanced NVT signal. Source: LookIntoBitcoin
Bitcoin mean hash rate vs. BTC price. Source: Glassnode
Interest in searching for Bitcoin over time. Source: Google (NASDAQ:GOOGL) Trends

Continue Reading on Coin Telegraph

Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market
 

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Comments (1)
Meself Meself
Meself Meself May 19, 2022 7:48PM ET
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moon soon get in nubs
you what
you what May 19, 2022 7:48PM ET
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you top up at $30k, i'll join the party after btc drops below $20k chump
AY Haych
AY Haych May 19, 2022 7:48PM ET
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I'll join under $10k shlubs
 
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