The recent decline in the market has raised concerns about the possibility of further drops. However, if the commonly accepted scenario unfolds, it is possible for the market to reach a bottom at $50,000. The psychological aspect plays a significant role in this area, and despite the absence of sudden large-scale government and MTGOX sales, investors are factoring in a multiplier effect. The fear and greed index has plummeted by 60%, entering the extreme fear zone. Stay updated on the latest financial and business news by visiting COINTURK FINANCE.
