Bitcoin Fear & Greed Index Nears Neutral As Price Recovers

Recent data indicates an improvement in trader sentiment as Bitcoin experiences a recovery surge.

Bitcoin Fear & Greed Index Update

  • The Fear & Greed Index, created by Alternative, measures market sentiment based on trading volume, volatility, market cap dominance, social media sentiment, and Google Trends.
  • The index ranges from zero to hundred: below 47 indicates fear, above 53 indicates greed, and between these is neutral.
  • Currently, the index is at 42, suggesting a fearful sentiment but nearing neutrality. It was recently in extreme fear territory.
  • Bitcoin's recent recovery is moving sentiment toward neutral, with potential for reaching greed if the uptrend continues.
  • Historically, extreme fear or greed often precedes significant market moves in the opposite direction.

BTC Price Movement

  • Bitcoin's price briefly surpassed $94,000 but has since retreated to $92,000.

Bitcoin Price Chart