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.

Bozordagi so'nggi ko'tarilish indeksni 52-yanvarda qo'rquv zonasidan uzoqlashtirib, 15 ga ko'tardi va shu vaqtdan beri u o'zgarmadi. Neytral zonaga tushgan indeks birinchi marta qo'rquvdan qutuldi Hududi uch chorakda.

Hozirda BTC yozuv paytida 23,005 40 dollarga almashmoqda, bu yil boshidan beri narxning XNUMX% dan oshganini ko'rsatmoqda. O'sish boshqa raqamli aktivlarda ham qayd etildi, yetakchi altkoin Ethereum (ETH) ham shunga o'xshash yutuqlarni qayd etdi.

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).

BTC buqa yugurishini davom ettira oladimi? 

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 diagrammasi bo'yicha TradingView

Agar BTC va boshqa raqamli aktivlar boshqa buqa yugurishda davom etsa, asosiy omil inflyatsiya ko'rsatkichlari va foiz stavkalarining pasayishi hisoblanadi. O'tgan yili inflyatsiya va kengroq makroiqtisodiy omillar bir necha Markaziy banklar inflyatsiyani jilovlash uchun foiz stavkalarini oshirgandan so'ng kriptovalyuta bozorining pasayishiga olib keldi.

Yaxshi xabar shundaki, bir nechta hukumatlar raqamli aktivlar bozoridagi o'zgarishlarni ko'rsatadigan inflyatsiya raqamlarini qayd qilmoqdalar, ammo buqalar oqimi yoki buqa tuzoqlari hali ham muvozanatda. 

Asl manba: ZyCrypto