Data shows the Bitcoin market sentiment has retreated away from the extreme greed territory, something that may pave way for the rally to continue.
Bitcoin Fear & Greed Index Is Currently Pointing To ‘Greed’
The “Fear & Greed Index” is an indicator created by Alternative that measures the general sentiment present among traders in the Bitcoin and wider cryptocurrency market.
The index takes into account these five factors in order to calculate this average sentiment: volatility, trading volume, social media sentiment, market cap dominance, and Google Trends.
To represent the sentiment, the indicator makes use of a numeric scale that runs from zero to hundred. Values on this scale below the 47 mark correspond to the presence of fear among the investors, while values above 53 suggest greed in the market.
The region between 47 and 53 naturally signifies the region of “neutral sentiment.” Besides these three core territories, there are also two extreme sent
We współpracy z: https://bitcoinist.com/bitcoin-sentiment-cools-extreme-greed-bottom-signal/
