Bitcoin’s price remains stalled near $74,000, failing to break through resistance as investor sentiment plunges. The Fear & Greed Index has dropped to 10%, the lowest in nearly four years-matching levels seen during the COVID-19 market crash and the LUNA collapse.
On-chain data indicates extreme pessimism, with analysts suggesting a market stabilization may require a rebound above key price levels. Historically, Bitcoin has reversed after such lows, though timing remains uncertain.
As of now, BTC trades at $71,262, up over 1% in 24 hours.