Crypto
Bitcoin Traders Remain in Extreme Fear as Price Hovers Below $64K
Digital asset markets have turned defensive as of August 4, 2026, with Bitcoin trading below $63,600. The Fear & Greed Index has dropped to 25, firmly in Extreme Fear territory.
Bitcoin's price is currently sandwiched between the EMA20 and EMA50 moving averages on the hourly chart, indicating short-term indecision rather than active selling pressure. In contrast, the daily chart remains bearish, with price below every major moving average that matters.
The MACD histogram on the daily chart shows a clearly negative momentum reading, which diverges from the relatively neutral RSI14 at 47.82. This divergence suggests downside momentum remains technically dominant.