NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SoftBank, Ark Invest Among Potential Investors In Tether's $15 Billion Funding Round

Bitcoin is “Right Where It’s Supposed to Be” as Investors Grow Fearful

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin BTC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin (BTC) has found some stability in the time followings its capitulatory selloff seen over the past few days, with bulls stepping up and ardently defending against a drop below $8,800 – which appears to have become a near-term support level for the cryptocurrency.

Analysts are now noting that the ongoing pullback has led BTC’s price right to where it is “supposed to be,” with it still maintaining above a key growth curve that has been guiding its decade long uptrend.

This comes as investors begin growing highly fearful, which is typically a bullish sign that can be used as a counter-indicator.

Bitcoin Stabilizes Around $8,800 as Investors Grow Fearful 

At the time of writing, Bitcoin is trading down just over 1% at its current price of $8,880, marking a notable decline from daily highs of over $9,300.

It is important to note that BTC has been able to find solid support within the mid-$8,000 region, with the cryptocurrency’s bulls posting a strong defense of this level during the intense overnight selloff.

In the near-term, the crypto still remains in precarious territory despite its stability, with its ongoing downtrend doing significant damage to the highly bullish market structure that had been formed throughout the first two months of 2020.

This recent movement has also done damage to the euphoria of many investors, with the crypto’s “fear and greed index” showing that investors are growing increasingly fearful.

Mr. Anderson, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, saying:

“BTC Fear & Greed: I would have expected an ‘Extreme Fear’ reading. Fear is reasonable at this stage. BTC is testing is Daily 200s and its 21-week ema w/ a monthly close this week as well. Expect turbulence up and down!”

#BTC Fear & Greed

I would have expected an "Extreme Fear" reading.

Fear is reasonable at this stage.$BTC is testing is Daily 200s and it's 21-week ema w/ a monthly close this week as well.

Expect turbulence up and down! pic.twitter.com/dI6abCB6p6

— Mr. Anderson (@TrueCrypto28) February 27, 2020

BTC Still Trading Well-Above Decade-Long Growth Curve

It is important to keep in mind that Bitcoin is still trading significantly above a critical growth curve, with its current trading phase marking a bout of consolidation before it is able to begin climbing higher.

Dave the Wave, another popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, explaining that it should “allay anxieties.”

“Zooming out, price is exactly where it is meant to be [was predicted to be on the basis of the log growth curve and the lengthening cycle].  The macro picture should serve to allay anxieties [and restrain excitements] with the shorter term volatility,” he explained while referencing the chart seen below.

Zooming out, price is exactly where it is meant to be [was predicted to be on the basis of the log growth curve and the lengthening cycle]. The macro picture should serve to allay anxieties [and restrain excitements] with the shorter term volatility…. pic.twitter.com/qv80Xqu3WT

— dave the wave🌊🌓 (@davthewave) February 27, 2020

If Bitcoin continues inching lower in the near-term, it is probable that investors’ fear will continue to mount, potentially acting as a bullish counter-indicator.

Featured image from Shutterstock.
Tweet123Share207ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Whales Scoop $1.73B In Ether As Exchange Balances Hit Nine-Year Low

Reports have disclosed that 16 wallets picked up 431,018 Ether between September 25 and 27, spending about $1.73 billion to...

Christian Encila 6 hours ago
Ethereum

Ethereum Open Interest Sees Sharpest Reset Since 2024 As Price Drops Below $4,000

Ethereum is undergoing one of the most significant resets in over a year, caused by its price breaking below $4,000....

Scott Matherson 7 hours ago
Trump

Eric Trump Steps Into Market Talk, Says ‘Buy The Dips’

Eric Trump returned to social media this week with a short, blunt message for crypto investors: “Buy the dips!” Related...

Christian Encila 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

hyperliquid-etf-hold-hype-token-hylq-stock-soars-250-altcoin-narrative-tw

Hyperliquid申請ETF將實體持有HYPE代幣 ,HYLQ押注山寨幣敘事股價飆升250%引爆資本熱潮

Peter Chow 2 hours ago
Bitcoin Bounces Back

Bitcoin Bounces Back – Could Current Recovery Trigger Fresh Bullish Momentum?

Aayush Jindal 3 hours ago
비트코인 백만장자 급증에…비트코인 하이퍼, 사전판매 누적 투자금 1,800만 달러 돌파

비트코인 백만장자 급증에…비트코인 하이퍼, 사전판매 누적 투자금 1,800만 달러 돌파

Soyeon Lee 3 hours ago

Premium Sponsors

Press Releases

  • ビットコイン 今後の価格展望:グーグルの30億ドル投資とウォール街の急速な参入

    ビットコイン...

    14 hours ago
  • シバコイン 今後の価格予測:24時間で700万枚以上がバーン、供給ショックの可能性は?

    シバコイン...

    15 hours ago
  • ドージコイン 今後の価格展望:0.23ドルでの動きと年末に向けた1ドル挑戦

    ドージコイン...

    16 hours ago
  • SWIFTのブロックチェーン試験と注目の仮想通貨プレセール

    ...

    16 hours ago
  • ヴァンガードのETF方針転換後に注目すべきアルトコイン

    ...

    16 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.