Short excerpt from a YouTube video by Kosta Ouzas explaining how the Fear and Greed Index relates to bitcoin trading. The speaker notes that bitcoin is holding the 100k level, mentions prices around $108,000, and argues that current market fear represents a buying opportunity because historically going against majority bearish sentiment has been profitable.
100k level
$108,000
This is kind of a classic pattern of if bitcoin had sold off a massive amount, I'd be really concerned and been in fear. But the truth is it hasn't, and it's actually holding the 100k level very well. And now fear is at play, which means there's a buying opportunity, typically with bitcoin, and it plays out time and time again. The good news is we have fear and prices $108,000. Right. So that gives me a lot of confidence to, to say that although the majority of the market might be bearish, history tells us that you don't want to be doing what the majority of the market is doing because they lose all the time. Right. So it's, it's an important thing to think about.
