Fear and Greed: Bitcoin Price Should Spike Up Soon, if History Repeats Itself

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Bitcoin’s price has been declining in the past few days, being almost 20% down during the last week. This saw many people worried if the 2021 bull run is over. One indicator suggests that if history is to repeat itself, the price should continue its upward trajectory following the most recent crash.

Bitcoin saw a serious decline over the past few days as the price lost upwards of $12,000 over the previous week.
This has also seriously shifted the overall sentiment, as indicated by the popular fear and greed index.
For comparison, last week, the market was in a state of “extreme greed,” and now, just seven days later, following the decline, the indicator shows “fear.”source