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

Od 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 uspona na tržištu gurnula je indeks na 52 15. siječnja, daleko od zone straha, i od tada je ostao isti. Indeks koji je dospio u neutralnu zonu bio je prvi put da je izbjegao strah teritorija u tri četvrtine.

BTC trenutno ima 23,005 40 dolara u trenutku pisanja, što pokazuje rast cijene od preko XNUMX% od početka godine. Porast je također zabilježen u drugoj digitalnoj imovini, pri čemu je vodeći altcoin, Ethereum (ETH), također zabilježio 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 održati bull run? 

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 grafikon po TradingView

Ako BTC i druga digitalna imovina ponovo budu u porastu, ključni čimbenik su smanjene brojke inflacije i kamatne stope. Prošlogodišnja inflacija i širi makroekonomski čimbenici doveli su do pada tržišta kriptovaluta nakon što je nekoliko središnjih banaka podiglo kamatne stope kako bi obuzdalo inflaciju.

Dobra vijest je da mnoge vlade bilježe klizne brojke inflacije što signalizira preokret na tržištu digitalne imovine, ali mogući bull run ili bull trap još uvijek visi o koncu. 

Izvorni izvor: ZyCrypto