BTC Fear & Greed Index Slips on a Bearish Monday Session

Bitcoin's (BTC) price dropped by 1.07% on Monday. BTC finished the day at $19,789, reversing a 0.85% gain from the previous day. BTC closed the day below $20,000 for the third time in four sessions, while testing the $20,000 mark.

BTC rose to an early high of $20,060 over a volatile morning before going back down. BTC declined to a morning low of $19,636 after failing to surpass the First Major Resistance Level (R1) at $20,165. At $19,715, BTC breached the First Major Support Level (S1). BTC challenged resistance above $20,000 with an afternoon high of $19,965 before falling down after finding support in the early afternoon.

Since there were no significant crypto-related happenings, BTC was left to the whims of the NASDAQ 100 Mini and the European equities markets.

The riskier assets were under pressure from negative sentiment brought on by dismal Eurozone economic data. There wasn't much movement in the NASDAQ 100 Mini to alter the mood since the US markets were closed.

The DAX declined by 2.22% on Monday. The NASDAQ 100 Mini, on the other hand, is up 115.5 points this morning, bolstering BTC and the larger crypto market.

Later on today, the NASDAQ 100 and the cryptocurrency market will be impacted by US economic figures. The day's most significant statistic is the crucial ISM Non-Manufacturing PMI. Better-than-expected service sector activity might increase Fed anxiety and test the public's willingness to invest in riskier assets.