For the very first time since March 30, 2022, the Bitcoin Fear and Greed index is firmly in the “greed” zone.With BTC up

nearly 40% year-to-date, the index indicates a bullish sentiment as the original cryptocurrency makes considerable strides after plunging to below $16,000 and a two-year low in 2022.

What metrics comprise the BTC/FGI?

The Bitcoin Fear and Greed Index (FGI)utilizes a mix of technical and fundamental analysis to determine the belief of the market. The index uses a variety of information points, consisting of:

1. Volatility: Measures the volatility of the price of BTC, based upon the everyday basic discrepancy of returns.Market Momentum/Trend:
2. takes a look at the direction of the moving averages and the gap between them Trading Volume: Analyzes
3. the trading volume of BTC, searching for modifications in the buying and offering pressure.Social Media Sentiment: Analyzes the belief of the online
4. community by taking a look at the variety of positive and unfavorable discusses of BTC in social media.Surveys: Surveys of financiers and traders, to determine their sentiment towards BTC and the
5. cryptocurrency market as a whole.The index varies from 0 to 100, with a higher score suggesting a greater level of fear and a lower rating indicating a higher level of greed. It is released by alternative.me, a website that tracks alternative investments, including BTC. Bitcoin Fear and Greed Index as of Jan. 27, 2023 Published In: Analysis, Price Watch Recent Bitcoin Stories Bitcoin worry and greed index goes into’greed’zone after 10 months Dorian Batycka · 12 hours earlier · 1 minutes read