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Today's fear and greed index for bitcoin is 30 and it is still fear, it went a little bit higher because of the pump that happened.
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Bitcoin's fear and greed index
- Thread starter Imran_Noori
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Today's Bitcoin Fear Index shows 25, which means there is Extreme Fear in the market. This index is just temporary analysis.
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It is a kind of analysis that most of traders use because demand and supply of Bitcoin is also a part of analysis.
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The fear and greed index is one of the things that you must take into account whenever you are analysing the cryptocurrency because it could help you determine the market movement.
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It will show you the interest of people for Bitcoin, if it is high then it is a good sign to buy.
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In my market analysis, I always take into consideration the greed and fear index and I also ensure to use the relative strength index too.
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It is phenomenal to integrate into assessment the greed and fear index . it will help you analyse the market movement.
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The greed index and the fear index are described with numbers which is usually from 1 to 100 . Presently, we are at the extreme fear index were where investors are afraid to investing on digital assets.
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I think this is a normal thing to do and it will guide you anytime you want to invest or trade.