Bitcoin Sentiment Nearly Back To Neutral—Green Sign For Rally?
Summary
The Bitcoin Fear & Greed Index is currently at 56, indicating a slight sentiment of greed among investors, just above the neutral zone. This marks a decrease from a previous value of 72, which suggested a strong sense of extreme greed due to a recent price recovery rally. The index uses five factors—trading volume, market cap dominance, social media sentiment, volatility, and Google Trends—to gauge market sentiment on a scale from 0 to 100. Values below 47 indicate fear, while those above 53 indicate greed. If Bitcoin's price remains stable, sentiment may shift back to neutral, which historically can lead to contrary market movements. Bitcoin's current price is approximately $93,800, reflecting a decline of over 1% in the last 24 hours.
