Joe Carlasare said Bitcoin capital could return despite extreme fear, pointing to possible renewed trader interest and a serious quantum plan as conditions that could attract fresh money.
Carlasare said a recovery could bring technical and momentum traders back into the market. He also said a move to higher levels could quickly change the market narrative.
He characterized OG selling as a healthy shakeout and said a serious quantum plan could attract new capital.
The Bitcoin-focused Crypto Fear & Greed Index registered 20 on Nov. 13, down eight points from 28 the previous day. The reading placed the gauge in “Extreme Fear,” extending a recent slide in Bitcoin sentiment.
Sonny Jang
Sonny Jang reports on people and leadership in digital assets for TokenPost. Send corrections or tips to [email protected].
