Amid the turbulence, the Bitcoin price has finally fallen below the $29,000 support. This decline points to the bears taking over the market, but investor sentiment has not swung the way it normally would in such circumstances. Instead of swinging toward bearish momentum, investors are rather leaning toward greed, suggesting that they do not expect this decline to last. Bitcoin Fear & Greed Index Moves Toward Greed The Bitcoin Fear & Greed Index measures investor sentiment toward the market by taking into account things like surveys, social media posts, market volume, and volatility, among others. The aggregate of these metrics is then used to determine if investors are feeling bearish or bullish. Related Reading: Litecoin Sharks Buy More Than 200,000 LTC Ahead Of Wednesday’s Halving The scale goes from 1-100 with 1-25 standing for extreme fear, 26-47 means fear, 54-75 means greed, and 76-100 represents extreme greed. The 48-53 level represents neutral sentiment, which is where the index has been for the last week. The direction in which the index points toward neutral is of interest he ..
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