The $BTC Bitcoin Fear & Greed Index is at 11 (up from 8), showing extreme fear — but it’s no longer worsening.

The weekly close is decisive:

$BTC Below $60k → Structural breakdown. Most holders go underwater, panic risk rises, and $55k becomes likely.

$BTC Above $70k → Psychological reclamation. Bear trap confirmed, shorts squeezed, sentiment could snap back toward neutral.

Between $60k–$70k → Prolonged uncertainty and volatility compression before a bigger move.

Extreme fear sets the mood.

The weekly close decides the direction.