- Bitcoin has the lowest fear and greed index in the last six months
- This shows the mood of the community towards cryptocurrency
- Explains how to read such signals and what else it is important to remember
The index of fear and greed – it is an indicator illustrating the general community’s attitude towards the original cryptocurrency. Now, for Bitcoin, this indicator has entered the zone of “extreme fear” (mark 20). The last time this was 32 July 2021
To track the index, several indicators are taken into account – cryptocurrency volatility, polls, social media activity and much more .
On January 5, the bitcoin price fell from 100 thousand to 47 thousands of dollars in a few hours. On the morning of January 7, the rate dropped below 43 thousand dollars. Following this, the metric of fear and greed changed.
Is it a good time to buy?
This is not the first time Bitcoin has lost a significant portion of its price. However, until now he has always managed to recover and build up the course. The current downturn is hardly bad news for long-term investors either. BTC: