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

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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.

Merkatuan izandako azken igoerak indizea 52ra eraman zuen urtarrilaren 15ean, beldur-eremutik urrun, eta ordutik gora mantendu da. Zona neutroa jo zuen indizeak beldurra ihes egiten zuen lehen aldia izan zen lurralde hiru laurdenetan.

BTCk gaur egun 23,005 $-tan trukatzen ditu eskuak idazteko unean, eta urtea hasi zenetik prezioa % 40tik gorako igoera erakusten du. Igoera beste aktibo digital batzuetan ere erregistratu da, altcoin nagusia, Ethereum (ETH), antzeko irabaziak ere erregistratu ditu.

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).

BTCk jasan al dezake zezen entzierroa? 

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 grafikoaren arabera Negoziazio ikuspegia

BTC eta beste aktibo digitalak beste zezen-entzierro bat egiten ari badira, funtsezko faktorea inflazio zifrak eta interes-tasak murriztea dira. Iaz inflazioak eta faktore makroekonomiko zabalagoek kriptografia-moneta merkatuaren gainbehera ekarri zuten hainbat Banku Zentralek interes-tasak igo ondoren inflazioa murrizteko.

Berri ona da hainbat gobernuk inflazio-zenbaki labainkorrak erregistratzen ari direla eta horrek aktibo digitalen merkatuan buelta bat adierazten du, baina balizko zezen-entzierroa edo zezen-tranpa bat oraindik zintzilik dago. 

Jatorrizko iturria: ZyCrypto