Bitcoin Sentiment Indicator Prints “Extreme Fear” in Potential Sign of Bottom

Bitcoin’s (BTC) recent plunge under $8,000 to tap $6,800 has done numbers of the sentiment in the cryptocurrency industry. As a popular trader, Crypto Michael, noted in a recent tweet, the Bitcoin Fear & Greed Index recently printed a 23, which is on the “extreme fear” side of the oscillating indicator.$BTC #BITCOINI like extreme fear. pic.twitter.com/qCQOghIEmH
— Crypto Michaël (@CryptoMichNL) November 23, 2019An aside: While this reading may seem entirely arbit