After Three Months Of Fearful Market, Bitcoin Sentiment Turns Greedy Again

Data shows the Bitcoin market has turned greedy again after almost three months of fear sentiment among investors. Bitcoin Market Becomes Greedy Again After Almost Three Months Of Fear The relevant indicator here is the “fear and greed index,” which tells us what the general sentiment among investors currently is. The metric uses a numeric scale that goes from zero to hundred for representing this sentiment. All values below fifty fall into the “fear category,” while those above belong to “greed.” When the index shows extreme values of above 75 and below 25, the market sentiment is that of extreme greed and extreme fear, respectively. Some investors prefer to sell when the market is extremely greedy as tops have historically formed during such periods. Similarly, they also think buying during extreme fear is better as bottoms tend to usually occur then. Related Reading | No New Lows: “Parabolic” Bitcoin Indicator Could Suggest The Local Bottom Is In There is a famous Warren Buffet quote that resonates with this philosophy: “be fearful when others are greedy, and greedy when others are fearful.” Now, here is a chart from this week’s Arcane Research report that shows the trend in the Bitcoin fear and greed index over the past year: The indicator's value seems to have sharply risen recently | Source: The Arcane Research Weekly Update - Week 5 As you can s...