Is Bitcoin vulnerable to one other drop beneath $40K in a traditionally corrective March? By Cointelegraph


Is Bitcoin vulnerable to one other drop beneath $40K in a traditionally corrective March?

(BTC) has seen a corrective week as the value dropped from $58,000 to $44,000 in a matter of days. This dropdown induced a panic response throughout the markets because the euphoria was instantly halted.

For example, the Crypto Concern and Greed Index plunged to month-to-month lows of 56 after being above 90, or “excessive greed” for a complete month.

Crypto Concern & Greed Index. Supply: Different.me
4-hour chart. Supply: TradingView
1-day chart. Supply: TradingView
XBT/USD 1-week candle chart. Supply: Tradingview
XBT/USD 1-week chart. Supply: TradingView