China News Today TheBitTimes.com

Bitcoin’s drop below $110K last week has ignited a surge in “buy the dip” chatter, but Santiment warns that may signal more downside ahead. “Don’t interpret ‘buy the dip’ chatter as a definitive bottom signal,” it said in a report. “ A true market floor often coincides with widespread fear and a lack of interest in buying.” BTC slumped to a low of $107,350 last week, according to TradingView data, while the Crypto Fear and Greed Index plunged to a “Fear” score of 39, signaling widespread anxiety. Daily chart for BTC/USDT (Source: TradingView ) BTC has since recovered slightly to trade at $108,583.22 as of 2:30 a.m. EST, but remains below the psychological $110K mark and more than 5% down over the last week. The Crypto Fear and Greed index has also bounced back, climbing 9 points in the last 24 hours to a “Neutral” score of 48. Investors Trying To Time The Market Now May Get Caught Off Guard With ...

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