turnaround? The Bitcoin Fear and Greed Index has risen so much recently
It can go so fast: After just one week, the Bitcoin Fear and Greed Index switches from “extreme fear” to “fear”. Are the first signs of a trend reversal?
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In this case gold is what glitters.
- The Bitcoin Fear and Greed Index is at 33 out of a possible 100 at the time of writing. The index is thus showing rapid growth in the direction of a price recovery.
- For comparison: seven days ago today the value was still 15/100.
- The reason could be that market-determining issues such as the bankruptcies of 3AC, Celsius and Voyager are now priced in. Even the BTC sale by Tesla did not cause any major shifts.
- The Fear and Greed Index is a so-called sentiment indicator. It therefore represents the current mood on the market.
- Data such as volatility, social media sentiment and BTC dominance serve as variables.
- For specific Bitcoin price targets, we recommend our weekly Bitcoin analysis.
- BTC is currently trading at $23,621, up 4.4 percent.
- You want to invest in Bitcoin, Ether and Co.? For this we recommend reputable exchanges like binance, octopuses and eToro.
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