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.