Bitcoin Price Stalls at $71K Resistance as Crypto Fear Hits Highest Level Since 2022

The Bitcoin (BTC) price recovery has encountered significant resistance at the $71,000 mark, halting its recent upward momentum. This price barrier coincides with a sharp decline in market sentiment, with the widely-followed Crypto Fear & Greed Index plunging to its most "fearful" reading since the bear market of 2022. Analysts point to this combination of technical resistance and extreme fear as a critical juncture for the leading cryptocurrency. The current market psychology suggests that investors are growing increasingly cautious, potentially leading to heightened volatility. Whether Bitcoin can break through this $71,000 wall will likely depend on shifting macroeconomic factors and institutional flows in the coming days.