Bitcoin’s Fear and Greed Index Stays In “Greed Zone” For 13 Straight Days — Can BTC Sustain The Bull Run?

Autor ZyCrypto - prije 1 godinu - Vrijeme čitanja: 2 minute

Bitcoin’s Fear and Greed Index Stays In “Greed Zone” For 13 Straight Days — Can BTC Sustain The Bull Run?

Bitcoin has entered the greed zone with the Fear and Greed Index at a 10-month high of 61, signalling a strong bullish sentiment.  The recent change in investors’ sentiments comes following BTC’s price surge this year after months in the red zone. Experts share their opinions on the feasibility of BTC sustaining its recent price and how investors can predict if it is another bull trap. 

After several months of fear around the prices of digital assets, investors are now beginning to look more confident in the prospects of Bitcoin (BTC) and other assets following price surges in the past two weeks.

Bitcoin’s Fear and Greed Index reached a 10-month high as it tapped 61 over the weekend, signalling a strong bullish sentiment in the market. As of Dec 2022, the index was at 25 showing intense fears from investors in the aftermath of the FTX implosion.

Nedavna uzbrdica na tržištu gurnula je indeks na 52 15. januara, daleko od zone straha, i od tada je ostao gore. Indeks koji je pogodio neutralnu zonu bio je prvi put da je izbegao strah teritorija u tri četvrtine.

BTC trenutno razmjenjuje ruke na 23,005 dolara u vrijeme pisanja, što pokazuje rast cijene od preko 40% od početka godine. Porast je zabilježen i kod drugih digitalnih sredstava, a vodeći altcoin, Ethereum (ETH), također bilježi slične dobitke.

Bitcoin’s Fear and Greed Index optimizes social signals from various sources to determine the current market sentiment hovering around the asset. These signals to several traders indicate BTC going bullish (investors have gone greedy) or bearish ( investors are in fear). The index is made up of scores from 0-100, ranging from Extreme fear (Orange) to Extreme Greed (Green).

Može li BTC izdržati juriš? 

While the metric indicates that bulls are gearing up for another run, some commentators are still sceptical about the sustainability of such hopes. With a price of $23,005, Bitcoin has definitely made tremendous gains after the FTX saga, which saw it trade below $17,000.

BTCUSD Chart by TradingView

Ako BTC i druga digitalna imovina idu na još jedan rast, ključni faktor su smanjene brojke inflacije i kamatne stope. Prošlogodišnja inflacija i širi makroekonomski faktori doveli su do pada na tržištu kriptovaluta nakon što je nekoliko centralnih banaka podiglo kamatne stope kako bi obuzdale inflaciju.

Dobra vijest je da više vlada bilježi klizajuće brojke o inflaciji što signalizira preokret na tržištu digitalne imovine, ali moguće trčanje ili zamka bikova i dalje visi o koncu. 

Izvorni izvor: ZyCrypto