Bitcoin Price Analysis: Does a 30% Fear & Greed Index Signals Bottom?

Bitcoin Price Analysis: Following a two-week correction, the Bitcoin price now stabilizes above the psychological level of $60000. The consolidation market short-bodied candle has eased the selling pressure in the altcoin market but signs of reversal are yet to develop. Furthermore, the major contributor to the downfall— Bitcoin miners’ capitulation and BTC ETF outflow has also witnessed a drop which could allow the buyers to form a sustainable bottom.