🧵 BTC Chart Thread | Extreme Fear Has a History
1️⃣ Current situation (2026)
BTC ≈ $69K
Fear & Greed Index = 8 (Extreme Fear)
Monthly candles are red, RSI oversold, panic visible.
This is not new. We’ve been here before.
⸻
2️⃣ March 2020 — COVID Crash
• BTC price: ~$3,800
• Fear & Greed: Single digits (Extreme Fear)
• Headlines: “Bitcoin failed as digital gold”
📈 Next move:
BTC rallied from $3.8K → $69K+ in the following cycle.
➡️ Extreme fear marked generational opportunity.
⸻
3️⃣ July 2021 — China Mining Ban
• BTC price: ~$29K
• Fear & Greed: 10–15 (Extreme Fear)
• Narrative: “China killed Bitcoin”
📈 Next move:
BTC went $29K → $69K ATH in months.
➡️ Fear appeared after the dump, not before the pump.
⸻
4️⃣ June–Nov 2022 — FTX Collapse
• BTC price: $15.5K–$17K
• Fear & Greed: 6–12 (Extreme Fear)
• Sentiment: “Crypto is finished forever”
📈 Next move:
BTC recovered from $16K → $70K+ in the next cycle.
➡️ Maximum fear = maximum disbelief.
⸻
5️⃣ Pattern that repeats every cycle
🟥 Extreme Fear → Accumulation
🟨 Neutral → Patience
🟩 Greed → Distribution
Retail sells emotions.
Smart money buys statistics.
⸻
6️⃣ Where we are now
Fear Index: 8
Price already down massively from the top.
Volatility high. Confidence low.
📌 This zone has historically rewarded patience, not prediction.
⸻
7️⃣ Final reminder
Bottoms don’t ring bells.
They feel uncomfortable, boring, and scary.
I’m not calling the bottom.
I’m respecting history.
Fear is loud.
Cycles are louder.
#Bitcoin #BTC #FearAndGreed #CryptoHistory #MarketCycles #BinanceSquare #CryptoPsychology
⸻
