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

Por ZyCrypto - hai 1 ano - Tempo de lectura: 2 minutos

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.

A recente subida no mercado levou o índice a 52 o 15 de xaneiro, lonxe da zona de medo, e mantívose desde entón. O índice que golpeaba a zona neutral foi a primeira vez que escapou ao medo territorio en tres cuartos.

Actualmente, BTC intercambia mans a 23,005 40 dólares no momento da escritura, mostrando un aumento do prezo superior ao XNUMX% desde o inicio do ano. O aumento tamén se rexistrou noutros activos dixitais, coa altcoin líder, Ethereum (ETH), que tamén rexistrou ganancias similares.

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).

Pode BTC soportar unha corrida de touros? 

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.

Gráfico BTCUSD de Vista de negociación

Se BTC e outros activos dixitais están a realizar outra carreira de toros, un factor clave é a redución das cifras de inflación e os tipos de interese. A inflación do ano pasado e os factores macroeconómicos máis amplos provocaron un descenso no mercado das criptomoedas despois de que varios bancos centrais elevasen os tipos de interese para frear a inflación.

A boa noticia é que varios gobernos están a rexistrar números de inflación deslizantes que sinalan un xiro no mercado de activos dixitais, pero unha posible corrida de touros ou trampa de touros aínda está pendente. 

Orixe orixinal: ZyCrypto