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

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

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Comments (1)

Meself Meself May 19, 2022 7:48PM ET

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moon soon get in nubs

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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

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AY Haych May 19, 2022 7:48PM ET

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I'll join under $10k shlubs

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

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