On 1 July, Bitcoin printed its low at $57,748. That same day the crypto Fear & Greed Index read 11. It had sat in extreme fear for most of June, and it stayed in fear for seven weeks after the low.
Here is what I was posting on X while it was at its lowest. Word for word, with the links, so you can check every one.
1. 5 June. Fear & Greed: 12
Price breaking, panic everywhere..
But why no strength..
That's the clue..
2. 27 June. Fear & Greed: 15
Well with price making new lows on higher OI the question is who is going to sell all the way down to $40k..
The short OI selling is already exhausted
3. 3 July. Fear & Greed: 21
The divergence is playing out..
This will take weeks to progress as it finally goes up past $80k with the red line progressing down..
Its going to be really interesting as this plays out because any chop bears will be calling for $40k again..
Bitcoin closed above $80,000 on 27 August, at $80,209.
4. 19 July. Fear & Greed: 28
Some are now flipping to say the bottom might be in...
When only a few weeks ago they said it would be going to $40k
Interesting....
When the crowd turned
Greed only came back on 20 August, the day Bitcoin closed near $73,000. The crowd turned after the move, not before it.
Not every call went right. I closed my $90K call on 3 June and published why the same day. That is on the record too.
Sentiment reads the mood. It does not call the price.
Every call, scored
Every call I make goes on one public page: what I said, where, the exact terms and the deadline. Hits and misses, side by side.
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