Bitcoin has a Great Mood and is in the Extreme Greed zone

Bitcoin has a Great Mood and is in the Extreme Greed zone

Crypto Fear & Greed Index reaches an annual high and on bitcoin prevails “Extreme Greed”.

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10 Aug 2020 , 09:53 @ Katie Müller

Bitcoin has a Great Mood and is in the Extreme Greed zone

Crypto Fear & Greed Index reaches an annual high and on bitcoin prevails “Extreme Greed”.

Team of alternative is dedicated to daily analysis of emotions and feelings in the crypto markets in order to provide information about what mood currently persists.

In the last 12 months, we reached a new annual high just these days when the index showed a value of 80, which means Extreme Greed.

Explanation:

  • Extreme fear can be a sign that investors are too worried, that could be a buying opportunity
  • When Investors are getting too greedy, that means the market is due for a correction

Until recently, we wrote to you about the fact that BTC is getting out of the Extreme Fear zone, and today this indicator proved to us how quickly Bitcoin and Crypto markets were able to recover and stand on your feet after the March crash.

Read also: Explosion in crypto markets continues

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    Katie Müller

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