[Analysis: "BTC Fear and Greed Index Signals Bottom… Key Indicators Warn of Further Downside"] Amidst speculation that the current market's widespread extreme fear could signal a bottom, Cointelegraph reported that the futures market's bearish trend and key technical indicators suggest further declines, citing multiple analysts. Cryptocurrency trader Michaël van de Poppe stated, "Over the weekend, the Bitcoin Fear and Greed Index fell to 5, hitting a record low. The BTC daily Relative Strength Index (RSI) also fell to 15, entering extreme oversold territory. These levels are similar to those seen during the 2018 bear market and the March 2020 COVID-19 crash." CryptoQuant analyzed, "Currently, BTC is below both the 50-day moving average (approximately $87,000) and the 200-day moving average (approximately $102,000). The Z-score (a measure of how far apart the price is from the average in standard deviations) comparing BTC to gold also stands at -1.6, suggesting continued selling pressure." -Coinness
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