Posted 4/3/2024, 7:30:17 PM
Bitcoin Sentiment Cools from Extreme Greed to Greed, Signaling Potential Price Rebound
- Bitcoin Fear & Greed Index has cooled from "extreme greed" to just "greed", which could signal a price rebound
- Index uses 5 factors to gauge investor sentiment on a 0-100 scale; above 53 is greed, below 47 is fear
- Index was at 79 yesterday showing "extreme greed", but now at 71 showing just "greed"
- Extremes like this have marked reversals and bottoms in the past
- Current index level is lowest since February 11, when Bitcoin was around $48,000
