Crypto Market Finally Shows Bullish Signals After 18 Nerve-Wracking Days

The digital asset space just exhaled—markets flash their first green light since the recent downturn began.

Breaking the Resistance Barrier

After eighteen straight days of uncertainty rattling investors, key technical indicators suggest the bleeding might be stopping. Trading volumes surged as major cryptocurrencies found support levels that actually held.

Market Psychology Shifts

Fear gave way to cautious optimism as institutional money started trickling back in. The usual suspects—Bitcoin and Ethereum—led the charge, while altcoins followed suit with surprising momentum.

What Traders Are Watching Now

All eyes remain glued to whether this rebound has legs or if it's just another dead-cat bounce designed to separate retail investors from their remaining capital. Because nothing says 'financial innovation' like watching your portfolio swing 20% before breakfast.

The real test comes next—can this momentum sustain through the weekend, or will traditional finance's Monday morning quarterbacks kill the vibe once again?

In brief

• The Crypto Fear & Greed Index finally leaves the extreme fear zone after 18 consecutive days of market panic.
• This change occurs in a paradoxical context: November is historically a bullish month for Bitcoin.
• Several analysts highlight that extreme fear phases have often marked local BTC lows.
• Despite this improvement, signals of recovery remain fragile according to social and technical indicators.

The Fear & Greed Index leaves extreme fear: a flutter after 18 days of tension

On November 23, the crypto Fear & Greed Index left the extreme fear zone for the first time in 18 consecutive days, reaching a score of 28.

This MOVE into the fear zone marks a modest but significant turning point in the market mood, which had been heavily marked by persistent panic since November 10.

Over these eighteen days, several recognized voices in the crypto community expressed their concern about the intensity of the prevailing pessimism:

• On November 15, analyst Matthew Hyland noted that the index was at “its most marked extreme fear level of the entire cycle”;

• On November 23, Crypto Seth claimed that “extreme fear is an understatement”, reflecting the market’s psychological downturn;

• Trader Nicola Duke reminded that extreme fear phases have often coincided with Bitcoin corrections, suggesting a possible bottom has been reached.

These observations are based on a historical reading of previous extreme fear phases, which have often correlated with bullish market reversals. Nevertheless, in the current context marked by persistent macroeconomic uncertainties, this exit from extreme fear could equally reflect a simple respite rather than a genuine reversal signal.

Signals still hesitant despite an apparent improvement

On November 27, the analysis platform Santiment observed a generally bullish trend on social networks regarding Bitcoin, justified by a rise in price up to nearly 92,000 dollars.

This momentum, mainly fueled by online discussions, reflects more an emotional reaction to price fluctuations than a fundamental change in market perception.

However, the reality of flows and capital allocation in the crypto ecosystem does not yet confirm this resurgence of confidence. Indeed, the market is clearly still in “Bitcoin Season”, with a score of 22 out of 100, indicating a clear preference for BTC and a persistent disinterest in altcoins.

This concentration of capital reveals a defensive stance among investors, typical of market phases dominated by uncertainty. On this subject, André Dragosch, research director at Bitwise Europe, warned about a misreading of the macroeconomic context, notably pointing to fears related to an imminent recession. “The last time I saw such an imbalance between risk and reward was during COVID”, he declared.

The return to a less alarmist sentiment does not dispel uncertainties. If the climate eases, the market remains volatile. The Bitcoin price remains the key indicator: its ability to hold, or even rebound, will tell if this calm marks a true turning point or just a pause in tension.

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