Bitcoin plunged below $83,000, marking a sharp 25% drop from its January peak. The Fear and Greed Index has crashed to 10 – lower than during the FTX collapse – signaling extreme fear in the market. Panic is setting in, with traders rushing to sell, but history suggests that deep corrections often pave the way for strong rebounds.
Is this just another shakeout before Bitcoin’s next big move, or is there more pain ahead? Let’s break it down.
Bitcoin’s February Trend – Will It Recover Before the Month Ends?
Traders rushed to sell as $1.3 billion worth of Bitcoin was deposited into exchanges yesterday, a clear sign of growing anxiety. Meanwhile, Bitcoin’s daily trading volume dropped 17% to $68 billion, and futures open interest declined by 6.3% to $53.6 billion.
February has historically been a strong month for Bitcoin, but will the trend hold this time? Many analysts believe the current drop is a buying opportunity, but with uncertainty in the market, investors remain cautious.
Analysts Say Panic Selling is a Mistake
Despite the sharp decline, experienced analysts urge investors to stay calm. Bitcoin corrections of 30% or more are common in bull cycles. Currently, BTC is testing its 200-day moving average, and its RSI (Relative Strength Index) is in oversold territory—both signs that a potential rebound could be on the horizon.
CryptoQuant’s Ki Young Ju reminded traders that Bitcoin fell 53% in 2021 before hitting a new all-time high. He warned that buying when prices rise and selling when they drop is the “worst investment strategy.”
Crypto analyst MackAttackXRP echoed a similar view, saying that fear presents the best buying opportunity, while greed is the time to sell. His advice? Buy when prices are down (red) and sell when they rise (green).
I’ll say it again, with Extreme Fear you should Buy and with Greed you should Sell.
Renowned investor Robert Kiyosaki sees Bitcoin’s drop as a chance to buy. He blames deeper issues in the global financial system, pointing to rising U.S. debt, Social Security liabilities, and reckless government spending.
Kiyosaki remains bullish on Bitcoin, gold, and silver as hedges against what he calls “fake money.” His stance is clear: “When Bitcoin crashes, I smile and buy more.”
Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
President
’s announcement of a 25% tariff on the EU, which wiped out $500 billion from the S&P 500. The resulting market turmoil dragged BTC down further, with investor fear reaching extreme levels, even surpassing the panic seen during the FTX collapse.
Despite the panic, many analysts believe this is just another pullback in Bitcoin’s ongoing bull cycle. History shows that deep corrections often come before major rallies, making this a key moment for patient investors.
A crash or a setup for the next leg up? You decide.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Why Crypto Market Is Down Today? Don’t Panic Sell, Warn Experts appeared first on Coinpedia Fintech News
Bitcoin plunged below $83,000, marking a sharp 25% drop from its January peak. The Fear and Greed Index has crashed to 10 – lower than during the FTX collapse – signaling extreme fear in the market. Panic is setting in, with traders rushing to sell, but history suggests that deep corrections often pave the way …
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.
By Nermeen Nabil Khear 
MackAttackXRP®
