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#Has the Crypto Market Entered a Bear Market?
Recent events in the crypto market raise questions: are we in a bearish trend? Bitcoin has dipped below $80,000 for the second time in three weeks, and the Fear and Greed Index shows a value of 24, indicating "extreme fear."
However, in November 2024, this index reached 82, signaling "extreme greed". Such sharp changes in sentiment may indicate market volatility.
I believe that the current situation may represent a local bottom, and for long-term investors, this is a chance to consider a buying strategy on the decline. Personally, I'm looking at Bitcoin and Ethereum, waiting for possible entry points.
And how do you assess the current situation? What coins are on your watchlist? Share your thoughts in the comments!