Crypto Fear Index Reaches Panic Level

The Crypto Fear & Greed Index has plunged into “extreme fear,” signaling a potential Bitcoin buying opportunity following the recent sell-off.

The index, an indicator of investor sentiment, briefly fell below 10 yesterday before rising slightly to 11, still 23 points lower than a month ago as investors took shelter.

During historical cycles, instances where the Crypto Fear & Greed Index fell below 10 were followed by strong returns for Bitcoin in the days that followed, according to an analysis shared by economist Alex Krüge on X.

Historic Bitcoin returns after extreme fear
(Fear and Greed Index ≤10)

Averages do not represent a forecast. pic.twitter.com/A14F9Yh82o

– Alex Kruger (@krugermacro) November 19, 2025

On average, BTC gained around 10% in a week after such a drop in the index.

Bitcoin also maintained this strength over the next 15 to 30 days, before accelerating to gains of 23% on day 80 and 33% after six months.

The economist also said that in the 11 capitulation events since 2018 where the index fell to extreme levels, short-term weakness was common, but a rebound occurred after almost every event.

Bitcoin Price Approaches Support as Indicators Become Less Bearish

Bitcoin price managed a slight rise over the past 24 hours to trade at $91,645.02 as of 7:23 a.m. EST.

WBTC/USD daily chart (Source: GeckoTerminal)

The slight recovery comes as Bitcoin approaches a support level at $89,735 and BTC continues to trade within a medium-term descending price channel. If this support level fails to hold, the crypto king could fall towards the next technical support at $81,977.

On the other hand, a bounce from current support could lead to a test of the $97,000 resistance level, which also confluences with the 20-day exponential moving average (EMA). As such, a break above this point could open the way to $104,000 in the near term if bullish pressure continues.

Looking at technical indicators on the daily chart, momentum appears to be slowly changing in favor of buyers, with the Moving Average Convergence Divergence (MACD) line rising towards the MACD signal line. If the two lines cross soon, it could mark the first bullish volume change since October 26.

In addition to improving momentum, the Relative Strength Index (RSI) rests at 30, which is bordering on oversold territory. This suggests that Bitcoin’s upside potential is greater than its downside potential. If this signal is validated, there could be a transfer of strength from sellers to buyers, which would further strengthen the improving dynamic.

Traders could start acting on the signals shown on the daily chart for BTC and Bitcoin analyst VICTOR on

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