Fear and Greed Index turned neutral and read 51.
Bitcoin is up a massive 7.57% in the past week.
Bitcoin rose +61% in Q4 of 2016 and +171% in 2020 and 2024 could be similar.
The crypto market Fear and Greed Index now sits at a neutral value of 51, signaling that the market could swing either way in the near future. Investors may need to prepare for increased volatility, which could be either bearish or bullish.
This Index, a key tool developed by Alternative.me, helps analysts gauge overall market sentiment. When the sentiment turns neutral, the chances of an uptrend or a downtrend are roughly equal, suggesting that buying and selling pressures are balanced.
The Index ranges from 0 to 100, with 0 representing extreme fear and 100 indicating extreme greed in the digital asset market. These scores are based on factors like volatility (25%), market momentum/volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%), and Google Trends (10%).
Bitcoin Price Action Hints at Bullish Q4
CoinMarketCap data reveals that Bitcoin (BTC) rose 0.68% in the past 24 hours and is currently trading around $63,300, aiming to reclaim the $64,000 level and p…
The post Is Bitcoin Gearing Up for A Bullish Q4? The Signs Are There appeared first on Coin Edition.
