Crypto Fear & Greed Index Rises: Market Moves Out of Extreme Fear Zone with a Score of 27
Crypto Fear & Greed Index Update: The Crypto Fear & Greed Index has risen to 27, moving out of the Extreme Fear zone and indicating a shift towards cautious optimism among investors in the cryptocurrency market.
Index Calculation Methodology: The index measures market sentiment using six components, including volatility, market momentum, social media mentions, surveys, Bitcoin dominance, and Google search trends, each contributing different weights to the final score.
Investment Implications: A score of 27 suggests that while investor sentiment is improving, it remains cautious. The index can serve as a contrarian indicator, with extreme fear often presenting buying opportunities and extreme greed signaling potential market tops.
Future Outlook: Market participants are closely monitoring the index for further upward movement, as a sustained score above 30 could indicate a shift towards neutral sentiment, although the cryptocurrency market remains volatile.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36063.262 | 48031.631 | 60333.282 | 72301.651 | 84603.302 | 96571.671 | 108873.322 |
| Fibonacci | 48031.631 | 57302.779 | 63030.503 | 72301.651 | 81572.799 | 87300.523 | 96571.671 |
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