Why Crypto Market Sentiment May Present A Unique Buying Opportunity

The crypto market sentiment has not shown any significant recovery during the last couple of months. There have been points where it looked as if the worst was over but the market had declined into the extreme fear territory once more. However, instead of the doom and gloom that usually follows markets such as this, there may be a unique opportunity for investors looking to buy at favorable prices. A Good Time To Buy Historically, there have been times when buying cryptocurrencies has been more favorable than others. One of those has been times when the market has spent a long stretch in the extreme fear territory and there is low momentum in the market. Related Reading: Crypto Market Shows No Signs Of Positive Movement, Is ‘Uptober’ A Myth? Investors are often wary of putting money into digital assets at times like this, causing the price of the assets to decline. However, this can present a buying opportunity because of the low prices and the reduced volume needed to move the market. Total market cap drops to $851 billion | Source: Crypto Total Market Cap on TradingView.com An example of this happening is back in mid-2020 before the bull run had begun. The crypto market had spent the better part of March and April in the extreme fear region. What would follow was a market rally that would eventually see bitcoin break above $10,000, a more than 100% increase from its March 2021 lows below $4,000. Crypto Market May See A ...