[Trending News] Bitcoin analyst points to a “short -term fund” and fear in the market reaches alert levels

The price of Bitcoin could be approaching its background in this cycle while remaining below $ 83,000 and the feeling of the market is still fearful, according to the founder of a crypto fund.

“Some broader macro data are still poor, but I would not be surprised if we establish a short -term soil locally, given the significant level of fear and liquidations,” said Bitcoin analyst and founder of the Digital Assets Fund Capriole Investment, Charles Edwards, Cointelegraph.

The feeling towards Bitcoin improves slightly despite the stagnant price

Although the Crypto Fear & Greed Index, which measures the general feeling of the cryptocurrency market, played a minimum score of more than two years of 10 on February 26, pointing out “extreme fear,” Edwards said he does not pay much attention.

“I am not a great believer in the metric of Crypto Fear & Greed Index and I strongly prefer CNN fear and greed metrics, which cover the broader market. This is also in extreme fear today. Like the AAII feeling survey, ”he said, referring to a survey by the American Association of Individual Investors.

On February 27, the Crypto Fear & Greed Index of Alternative.me up 6 points to a “extreme fear” score of 16, even when Bitcoin (BTC) showed no signals of a short -term recovery. Bitcoin has dropped 0.57% in the last 24 hours, quoting at $ 82,260 at the time of publication, according to CoinmarketCap data.

Many observers point out the macroeconomic uncertainty and concerns about the tariffs proposed by the US president Donald Trump as key reasons for the fall of Bitcoin and the cryptocurrency market in general. Since Trump's possession on January 20, when Bitcoin reached a historical maximum of $ 109,000, the asset has fallen almost 24.5%.

Edwards sees the feeling in red as a sign of a market rebound. “We have enough confluence of 'bassist' feeling. Which historically has been a good marker for a potential opportunity to fall/reversal, ”he said.

The investment firm of Investment Sistine Research said that Bitcoin's recent fall at $ 82,242 could mark a short -term fund.

“In my opinion, there is a 30% chance that this was the minimum peak in BTC,” said Sistine Research in an X post on February 27. However, he warned that if the stock market continues to fall in the next few days, Bitcoin could find a fund in $ 73,000 in its place, a level he has not seen since November 7.

Standard and Poor's 500 (S&P 500) has dropped 4.13% in the last five business days, according to Google Finance data.

The founder and CEO of Cryptoquant, Ki Young Ju, recently said that the chances of Bitcoin falling below $ 77,000 “are low.”

Bitcoin still has “space to grow”

Meanwhile, the global economist of the Kraken cryptocurrency exchange, Thomas Perfumo, said in a February 26 statement that Bitcoin's structural indicators “suggest that the cryptocurrency market generally still has space to grow.”

“At this time, the domain remains strong in the low 60, which indicates that the impulse of the market has not yet reached a speculative peak. At the same time, the market capitalization of the stablcoins has grown by 11% so far this year, pointing out a continuous deployment of on-chain capital, ”said Perfumo.

The founder of Collective Shift, Ben Simpson, recently told Cointelegraph that current market conditions could present a purchase opportunity for cryptocurrency investors.

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