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

Published 05/19/2022, 05:15 PM
Updated 05/19/2022, 07:00 PM
Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market
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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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