Bitcoin Price Slides to $104,000 as Market Fear Hits ‘Extreme’ Levels
Bitcoin's price dropped to the $104,000 range, pushing market sentiment into 'Extreme Fear' following geopolitical tariff announcements.Summary
The Bitcoin price has sharply reversed from its recent high above $126,000, falling into the $104,000 range, which has driven market sentiment, as measured by the Bitcoin Fear & Greed Index, down to 22/100, signaling 'Extreme Fear.' This downturn followed a drastic sell-off triggered by President Trump's announcement of sweeping 100% tariffs and export controls against China. Technically, indicators like the RSI suggest weakening momentum, and charts show a bearish 'death cross' pattern, fueling fears of potential declines toward $90,000 or $80,000. Historically, 'Extreme Fear' phases can precede local bottoms, but the current drop occurs amid broader macro uncertainty affecting global risk assets, contrasting sharply with gold, which has surged to new highs.
(Source：Bitcoin Magazine)