{"id":11150,"date":"2022-05-27T21:21:53","date_gmt":"2022-05-27T21:21:53","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/3-metrics-contrarian-crypto-investors-use-to-know-when-to-buy-bitcoin\/"},"modified":"2022-05-27T21:21:55","modified_gmt":"2022-05-27T21:21:55","slug":"3-metrics-contrarian-crypto-investors-use-to-know-when-to-buy-bitcoin","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/3-metrics-contrarian-crypto-investors-use-to-know-when-to-buy-bitcoin\/","title":{"rendered":"3 metrics contrarian crypto investors use to know when to buy Bitcoin"},"content":{"rendered":"
Buying low and selling high is easier said than done, especially when emotion and volatile markets are thrown into the mix. Historically speaking, the best deals are to be found when there is \u201cblood on the streets,\u201d but the danger of catching a falling knife usually keeps most investors planted on the sidelines.<\/p>\n
The month of May has been especially challenging for crypto holders because Bitcoin (BTC) dropped to a low of $26,782, and some analysts are now predicting a sub-$20,000 BTC price in the near future. It\u2019s times like these when fear is running rampant that the contrarian investor looks to establish positions in promising assets before the broader market comes to its senses. <\/p>\n
Here\u2019s a look at several indicators that contrarian-minded investors can use to spot opportune moments for opening positions ahead of the next marketwide rally.<\/p>\n
The Crypto Fear & Greed index is a well-known measure of market sentiment that most investors use to crowd-forecast the near future of the market. If viewed purely at face value, an \u201cextreme fear\u201d reading, such as the current sentiment, is meant to signal to stay out of the market and preserve capital.<\/p>\n