Bitcoin analyst eyes ‘near term floor’ as crypto fear hits redline
Bitcoin’s price could be approaching its bottom this cycle as it lingers below $83,000 and market sentiment remains fearful, according to the founder of a crypto fund.
“Some broader macro data still looks poor, but it also wouldn’t surprise me if we put in a near-term floor locally given the significant level of fear and liquidations,” Bitcoin analyst and digital asset fund Capriole Investment founder Charles Edwards told Cointelegraph.
Bitcoin sentiment improves slightly despite stagnant price
Despite the Crypto Fear & Greed Index — which measures overall crypto market sentiment — tapping a more than two-year low score of 10 on Feb. 26, signaling “Extreme Fear,” Edwards said he doesn’t pay much attention to it.
The…
