We are nearly in the "fear" range….at $60k lol

https://preview.redd.it/2beyvy911j9d1.png?width=892&format=png&auto=webp&s=8a3745f553e0a962b2dd72d4f0277dd89a7d8316

Good to have some perspective. Price is hanging around $60k/$61k right now and this fear/greed index on CMC is at 44. It was ~84, in "extreme greed", at the end of February at the same price. Now sentiment is almost straight up bearish. Price is double what it was 8 months ago and we're almost tipping into fear.

For all you people (whoever you are) who are actually afraid right now, this is why spending several months with the price ranging is great and sooo healthy for the market. $60,000s is now completely normalized and is not exciting at all, in fact quite the opposite, people are actually worried now whenever price drops in the low or mid $60,000s.

A few months ago at the same price people were acting like we were in full on bull run mode and some parts of the market were entering into extreme hype. Now with a few months of ranging sideways in the $60,000s the super hyped up price is a boring lower fearful price.

While we are still at the same price as 4 months ago, what the market has gotten in exchange for that is a base double the price of the old base from last year. We've gotten a market that moved from extreme greed to nearly fearful while maintaining the same price. That is a big healthy market expansion in just a few months.

This is how Bitcoin keeps going up forever. By prices that were once considered high, now considered totally normal and boring and will soon be considered low. The market only goes up sustainably when market sentiment normalizes a price range. This Spring the market has normalized the $60,000s as a boring sh*tty price whereas at the start of the year people would have been busting in excitement over this price this soon.

Bitcoiners or anyone with a good understanding of finance gets this. If you don't get this and you are fearful right now, keep educating yourself!