The price of Bitcoin has fallen below $ 110,000, since it barely remains above $ 109,000. This fall coincides with the cryptographic fear and greed index falling to 29, since it is closer to the territory of extreme fear.
Summary
- Crypto Fear and Greed Index has fallen into 16 points in the last 24 hours to 29. This indicates that the market has officially entered a state of fear, since it approaches the territory of extreme fear.
- Bitcoin has decreased by 2.1%, falling below the threshold of $ 110,000 by around $ 109,399.
- BTC could see a quick rebound if it manages to exceed the 30 -day mobile average at $ 109,526, which could open the door for a new test of the $ 109,700 to $ 109,800.
According to Coinglass data, the cryptographic fear and greed index has decreased by 16 points compared to the previous day as Bitcoin continues its precipitated decrease. The index indicates that the cryptographic market is currently in a state of fear after witnessing a series of market settlements and important tokens accidents.
The last time that Cryptographic fear and greed index It fell into the territory of extreme fear was in April 2025, as well as in mid -February 2025, just after President Donald Trump presents Rates of the ‘Liberation Day’ that shook the cryptography market.
As of September 26, the general cover of the cryptography market has decreased by 2%, stabilizing by around $ 3.8 billion. Until now, it has not yet recovered from mass settlements earlier this week, when it fell below $ 4 billion due to a series of long positions that are settled.
Both bitcoin (BTC) and Ethereum (Eth) have experienced drops that go around the level of 2%. Ethereum has fallen once again under $ 4,000, while Bitcoin has received great success and has decreased below $ 110,000.
At the time of publication, the largest cryptocurrency for market capitalization has managed to maintain its price above $ 109,000 despite an earlier fall today that reduced it to $ 108,787. However, it has not been able to recover the previous levels of pre-liquidation, which remained above $ 117,000.
Bitcoin pricing analysis: How low can fall?
At the moment, BTC is trade At $ 109,399, showing some weakness after a minor rebound. The price currently moves below the mobile average of 30 periods, which is around $ 109,526, indicating a short -term bearish impulse.
Since the mobile average acts as the resistance zone, Bitcoin could fight to push higher in the immediate term unless the purchase of the volume experiences an impulse that could catapult it.
The BTC relative force index is around 35 years, near the overall region. This indicates that the asset is under short -term sales pressure, but also suggests that a possible rebound of relief could occur if buyers see this as an attractive entry point.
However, with the RSI still tending down, the bass impulse has not yet been completely exhausted, which means that Bitcoin could continue to test lower levels before stabilizing.
If the trend of the bearish market continues, merchants could see BTC decrease towards the support range of $ 109,200 to $ 109,000, which has historically provided short -term stability during intra -reducing decreases. A decisive rest below $ 109,000 could expose the price to a more clear correction, potentially addressing $ 108,800.
On the other hand, there is still space for a rebound. If Bitcoin can be kept above $ 109,200 and the RSI begins to be reversed up, the asset could see a rebound to the area of $ 109,500 to $ 109,600. For a more solid recovery, BTC would need to recover and stay above the MA of 30 perior to $ 109,526, which could open the door for a new test of the $ 109,700 to $ 109,800.
