Greed

Bitcoin

Time

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<ul> 
 <li>“Fear and Greed Index” is an indicator that describes the general sentiment of investors in Bitcoin and the overall cryptocurrency market.</li> 
 <li>Historically, these two extreme emotions have been quite important in the market, as bottoms usually occur during periods of extreme fear, while peaks occur during periods of extreme greed.</li> 
 <li>The Bitcoin Fear and Greed Index currently has a value of 59. This indicates that most investors currently have a feeling of greed.</li> 
</ul> 
The fear and greed index in Bitcoin has started to show greed by entering the green zone for the first time since May. 
<h2 id="strong-fear-and-greed-index-shows-greed-strong">Fear and Greed Index Shows “Greed”</h2> 
<img decoding="async" class="alignnone size-full wp-image-126953" src="https://en.coinotag.com/wp-content/uploads/2023/04/Last-Step-Left-for-Approval-of-Crypto-Law-in-this.jpg" alt="Bitcoin (BTC)" width="1920" height="1080"> 
The “Fear and Greed Index” is an indicator that describes the general sentiment of investors in Bitcoin and the overall cryptocurrency market. This metric uses a numerical scale of 0-100 to represent this sentiment. 
All values above 54 on the index imply that investors are currently greedy, while values below 46 indicate the presence of fear in the market. The range between 47-53 represents a neutral mindset. 
In addition to these basic emotions, there are also two special conditions called “extreme fear” and “extreme greed.” The first occurs when the indicator reaches values below 25, while the second occurs when it reaches values above 75. 
Historically, these two extreme emotions have been quite important in the market, as bottoms usually occur during periods of extreme fear, while peaks occur during periods of extreme greed. 
Here is the current status of the Bitcoin Fear and Greed Index: 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Investors-Greedy-for-the-First-Time-Since-May.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-134001 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Investors-Greedy-for-the-First-Time-Since-May.png" alt="bitcoin-fear-greed-index" width="1309" height="537"></a> 
As you can see above, the Bitcoin Fear and Greed Index currently has a value of 59. This indicates that most investors currently have a feeling of greed. 
However, this is a recent change where the indicator has had lower values in the past few weeks. The chart below shows how the metric has changed over the past year. 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/1687357591_555_Bitcoin-Investors-Greedy-for-the-First-Time-Since-May.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-134003 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/1687357591_555_Bitcoin-Investors-Greedy-for-the-First-Time-Since-May.png" alt="bitcoin-fear-greed-index-2" width="1145" height="694"></a> 
As seen from the chart, the Bitcoin fear and greed index experienced a decline in early May and entered the neutral zone. In the following weeks, the metric only managed to enter the greed zone once (May 16) and fell into the fear zone several times. 
This deterioration in market sentiment naturally accompanied the decline in asset prices as investors were unsure if bullish winds would return to the sector. However, in recent days, investor sentiment has notably improved as the index had a neutral value just yesterday, indicating that investors were neutral. 
This strong rise in greed occurred during a period when Bitcoin observed a strong rally and approached the $29,000 level. This improvement in sentiment could be a positive sign for the rally as it indicates that the general investor supports the current price increase. However, if the indicator continues to rise and enters the extreme greed zone in the coming days, there could be a pullback for the asset. As mentioned earlier, high levels of greed have often led to peak formations for the asset.  
The post <a rel="nofollow" href="https://en.coinotag.com/bitcoin-investors-greedy-for-the-first-time-since-may/">Bitcoin Investors Greedy for the First Time Since May</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.

Bitcoin Investors Greedy for the First Time Since May

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