Bitcoin Market Stays Fearful For Third Straight Week

2022-4-27 22:00

Data shows the Bitcoin fear and greed index has continued to display low values for the third straight week as the market remains fearful.

Bitcoin Fear And Greed Index Currently Points At “Fear”

According to the latest weekly report from Arcane Research, the BTC market has now remained fearful for the 3rd consecutive week.

The “fear and greed index” is an indicator that tells us what the general sentiment among investors in the Bitcoin market currently is.

The metric uses a numeric scale that runs from one to hundred for representing this sentiment. All values above fifty signify that the market is greedy right now

On the other hand, indicator values below the cutoff show that the market sentiment is that of fear at the moment.

End values of above 75 and below 25 represent investor sentiments of extreme greed and extreme fear, respectively.

Historically, tops have tended to form during periods of extreme greed, while bottoms have formed during extreme fear.

Because of this, some investors believe that it’s best to buy during the former, while the latter periods are best for selling.

Related Reading | Glassnode Data Shows A Bullish Bitcoin Crossover Has Recently Occurred

Contrarian investing is a trading technique that uses this idea. This famous quote from Warren Buffet encapsulates the philosophy: “Be fearful when others are greedy, and greedy when others are fearful.”

Now, here is a chart that shows the trend in the Bitcoin fear and greed index over the past year:

The BTC market seems to be fearful at the moment | Source: Arcane Research's The Weekly Update - Week 16, 2022

As you can see in the above graph, the Bitcoin fear and greed index is currently showing a value of 27, corresponding to a sentiment of fear.

This value is right on the edge of extreme fear, and the market has stayed around this value for the past few weeks. During that period, the indicator’s value has also had some dips to extreme fear.

Related Reading | Bitcoin Bearish Signal: 600-Day MA Starts To Break Down

The reason behind this trend may be the fact that BTC has been stuck in consolidation for a while now, showing no real movement.

The report suggests that investors seem to be anxiously waiting for Bitcoin to make a move before they take any action.

BTC Price

At the time of writing, Bitcoin’s price floats around $39k, down 7% in the last week. Over the past month, the crypto has lost 12% in value.

The below chart shows the trend in the price of the coin over the last five days.

Looks like the price of the crypto has plunged down over the past day | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, Arcane Research

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68153.27 (+0.11%)
Объем 24H $26.551b
Изменеия 24h: 0.84 %, 7d: 1.22 %
Cегодня L: $67869.66 - H: $68598.46
Капитализация $1343.023b Rank 1
Цена в час новости $ 38767.18 (75.8%)

fear week fearful market bitcoin index greed

fear week → Результатов: 100


Ether Address Growth Surpasses Bitcoin, A Record 7.5 Million Addresses Holding at Least $1 Worth of Stablecoins

This week, Bitcoin is back up over $47,000 again and Ethereum over $3,400 while the total crypto market cap is around $2. 23 trillion. As price action in the market gets better again, so do the sentiments with the Crypto fear and Greed Index at “neutral” with a reading of 49, up from “fear” at 30 […] The post Ether Address Growth Surpasses Bitcoin, A Record 7.

2021-9-15 17:00


Фото:

The Bitcoin Market Is Now A Battleground Between Bulls and Bears; Here’s What’s Coming

Looking at data from CoinMarketCap, most cryptocurrencies have recorded a slight improvement in prices over the last 7 days. The slight recovery this week and a massive sell-off last week, have added to the recent confusion among many traders and investors wondering if we are foreseeing a bull or bear trend. The Crypto Fear and Greed […]

2021-6-1 20:02


Фото:

Crypto Miners In China Selling Their Bitcoin & Mining Machines After Government’s Action Sparks Fear

Chinese Bitcoin miners don’t appear keen on waiting around to find out what their fates will be in the wake of the government’s announcement over an inbound crackdown. In a joint statement published last week, the Chinese Premier and State Council voiced an intent to clamp down on Bitcoin mining in the country, causing the […]

2021-5-26 18:19


Crypto Roundup: April 19th, 2021

Bitcoin and Ethereum surged to hit simultaneous all-time highs early last week, tapping $65K and $2.5K respectively as Litecoin rose above $300 for the first time in three years. Yet the buying party came to an abrupt end when the highly-anticipated Coinbase listing failed to push prices even higher. Euphoria turned to fear as traders […]

2021-4-20 19:17


Institutions are Growing Increasingly Bullish on Bitcoin Following Drop to $10,000

Bitcoin’s price is now expressing some signs of stability within the lower $10,000 region, with bulls being able to garner some strong support This comes after the cryptocurrency defended its crucial near-term support level at $9,900 on multiple occasions throughout the past week One analyst is now noting that investor fear is at the same level it was at just before the crypto pumped to $12,000 This also comes as institutional investors grow bullish on […]

2020-9-13 19:00