Crypto analyst Alex Krüger tweeted that Bitcoin is poised for a massive rally as market participants turn extremely bearish on the top digital asset.

In the tweet he analyzed the Crypto Fear and Greed Index, which measures market sentiment, has plunged to a level not seen since the coronavirus-induced panic last year.

“When the Crypto Fear & Greed Index gets this low, a strong rally often follows. The index is now as low as was the day after Black Thursday in 2020" - Said Krüger.

He also reminds that Bitcoin has survived one of its worst months in history.

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