The data shows that the morale of the Bitcoin merchant has reached a purely neutral level with the continued unification in the price of encoded currency.
Bitcoin Fear & Greed Index is currently in the exact balance
the “Fear and greed indexIt indicates an indicator created by substitute This is average feelings between merchants in Bitcoin markets and broader cryptocurrency markets.
This index uses a digital scale that extends from scratch to a hundred to represent the market mentality. All values under the brand of 47 indicate that investors share a feeling of fear, while those that exceed 53 indicate the presence of greed in the market. The region is compatible between the two pieces with neutral feelings.
Besides these three main feelings, the scale also contains two special areas known as The Extreme Fear and Extreme Greed. The previous happens when the index grows less than 25, while the latter is above 75.
Here is how the current Bitcoin market is similar to the Fear & Greed Index:
Looks like the index has a value of 50 at the moment | Source: Alternative
As visible above, the indicator has a value of 50, which means that investors as a full share is completely neutral at the present time. The index reached this balance after a period of fluctuations.
Below is a scheme that shows how the Bitcoin Fear & Greed index has changed.
The value of the metric appears to have registered a sharp plunge over the past couple of weeks | Source: Alternative
The index ended in January inside the extremist greed area, but February began with a rapid deterioration in feelings as the index fell along the way to the fear area.
But it seems that investors are not now optimistic or landing on the cryptocurrency, bearing in mind that the scale is returning within the neutral area. The uncertainty among investors is likely to be the result of the long -term unification witnessed by the original.
Historically, Bitcoin often tends to move in the direction that the crowd expects. Phalanges and major resurrected in general occurred during the maximum emotions, as these areas are where investors are more confident than the encrypted currency path.
With the perfect trading mentality in balance at the present time, although BTC theoretically has equal potential to run it in either direction. In such a market, it is possible to prolong the unification of the original only until it reaches a kind of news that swings in one way or another.
BTC price
At the time of this report, Bitcoin is trading about $ 95,700, a decrease of about 2 % over the past seven days.
Looks like the price of the coin has been moving sideways in recent days | Source: BTCUSDT on TradingView
Distinctive image from Dall-e, alternative.me, Chart from TradingView.com
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