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 origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 64350.86 (-0.07%)
Объем 24H $18.051b
Изменеия 24h: -0.78 %, 7d: 0.65 %
Cегодня L: $64118.55 - H: $64461.86
Капитализация $1291.317b Rank 1
Цена в час новости $ 38767.18 (65.99%)

fear week fearful market bitcoin index greed

fear week → Результатов: 100


Analysts Fear the Worst as Bitcoin Price Readies to See 20% Breakout

Over the past week, Bitcoin has found itself flatlining, establishing a tight range in the low-$7,000s as volume tapers off. This consolidation has forced the Bollinger Bands, a moving average-based technical analysis tool often used by traders looking for more information about trading ranges and volatility, for Bitcoin to reach extremely tight levels, implying that.

2019-12-16 22:30


Dow Trapped in Limbo as Investors Fear US Stocks are Too Expensive

The Dow and broader U. S. stock market weakened on Tuesday, as overvaluation risks kept the major indexes subdued following a sharp correction at the start of the week. Dow, S&P 500 Fail to Rally as Valuation Risks Linger A lack of positive momentum kept the major indexes subdued on Tuesday, with the Dow Jones Industrial Average edging down 10 points, or 0.

2019-3-5 19:37


Фото:

PoWx Seeks to Change Bitcoin Mining with “Optical PoW”

Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining.

2018-7-14 01:04


Фото:

Privacy Coins Are ‘One of the Greatest Emerging Threats to U.S. National Security,’ States US Congressman

The U. S. Secret Service is taking a good look at privacy-focused cryptocurrencies like Monero and Zcash while urging Congress to “consider additional legislative or regulatory actions. ” Fear of Privacy Coins Last week, a top official from the federal law enforcement agency reportedly requested help from Congress in combating the use of privacy coins for illicit purposes.

2018-6-24 14:00


Фото:

The Crypto Refresh June 8th 2018

It’s time for another weekend addition of our famed publication, The Crypto Refresh. If its your first time here, welcome to paradise. If you’re an attuned Crypto Refresh veteran, welcome back. If you have no idea what’s happening, how you got here or what you’re doing here, fear not… just read on, you might enjoy it! This week has seen the cryptocurrency markets take somewhat of a turn.

2018-6-11 15:00