The index of fear and greed for the first time in ten months went into the zone of greed – Bits Media

Popular mood indicator in the Fear and Greed bitcoin market ("Fear and greed") I left the zone of fear, overcame the neutral zone and for the first time with 30 Martha last year reached a zone of greed.

Improving the mood in the market is associated with a significant increase in the course the first cryptocurrency. Usually, When the indicator is in the greed zone, then buy BTC with caution. But at the moment, the index is all 55, that far from the limiting indicators. The best moment for buying bitcoin is the index below 25.

To compile the Fear and Greed index, analysts use various data, including the volatility of the first cryptocurrency, Social networks and other factors. 16 January the indicator has left the zone of fear, And the category of extreme greed has not been observed since October 2021 of the year.

The growth of the first cryptocurrency was helped by the publication of the consumer price index in the United States - the indicator began to decline, So the Fed can soften its policy. Respectively, Investors began to invest in risky assets, including, In Bitcoin.

Earlier, the analytical company Glassnode noted, what more 97% short -term buyers of bitcoin are profitable. This can put pressure on the course of the first cryptocurrency.