The cryptocurrency market is experiencing sharp fluctuations. Fear and Greed Index Cryptocurrency prices fell to 15, indicating «extreme fear» as trader pessimism reached levels not seen since the 2022 bear market bottom.
However, crypto analysts remain calm and predict a parabolic peak in the range of $160,000 to $170,000 within the next six weeks.
According to Santiment, traders have become more skeptical about major assets, and sentiment towards XRP are currently among the most negative this year. Discussions about Bitcoin and Ethereum on social media have also become more negative.
Market analysts say this deterioration in sentiment is a bullish signal: when retail traders start selling out of fear, large investors often accumulate assets, setting the stage for the next rally.
For now Bitcoin fell below $100,000. BTC funds are also recording an outflow of $278 million. Open interest in CME futures is also falling, having already fallen 34% from October highs, indicating a decline in speculative activity.
However, even in these pessimistic figures, analysts see promise. This is also indicated by the behavior of BTC «whales,» who accumulated over 45,000 bitcoins this week.
Analyst Bitcoin Teddy believes the flagship asset could rise to $160,000-$170,000 within six weeks. He’s convinced of this by CryptoCon’s «Decreasing Golden Curves» model.
This model, which has accurately mapped all major Bitcoin cycles since 2011, suggests that each subsequent peak occurs with a smaller deviation from the underlying growth curve. Following this trend, the next peak could form near the +2 curve, which historically corresponds to late-cycle peaks.
The timing indicated in the model also aligns with the Bitcoin halving cycle. The final phase of this cycle is predicted to end at the end of 2025.