Bitcoin is finally showing a sustained bullish push as it has now broken above $47,300, but overly positive sentiment can be an obstacle to this rally. Bitcoin Fear & Greed Index Suggests Market Is Nearing Extreme Greed The “Fear & Greed Index” is an indicator that tells us about the general sentiment among the investors in the Bitcoin and wider cryptocurrency sector. According to Alternative, its creator, the index takes into account five factors to calculate this sentiment. These are volatility, market volume, social media sentiment, market cap dominance, and Google Trends. The index outputs the sentiment as a number lying between zero to hundred. Related Reading: Ethereum Breaks Above $2,400: This Metric Points To Further Upside All values of 46 and under imply the investors are fearful, while those of 54 or over suggest the presence of greed in the market. The region between 47 and 53 corresponds to the region of neutral sentiment. Now, here is what the Fear & Greed Index looks like for Bitcoin right now to see which of these regions the market stands in at pres ..
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