Crypto Sentiment Turns Neutral: What Happens Next?

The Crypto Fear & Greed Index is at 48, indicating a neutral and indecisive market. This sentiment is reflected in Bitcoin’s sideways trading and mixed altcoin performance. Historically, such neutral consolidation periods often precede a major directional price move. CoinMarketCap’s data suggests that the cryptocurrency market’s trend is neutral. Investors’ sentiments are neither bullish nor bearish, considering the feedback from the Fear and Greed Index, which stood at 48 at the time of writing. That puts crypto users on edge, as the market could shoot in any direction. What a ‘Neutral’ Index Score Indicates For context, CoinMarketCap’s Fear and Greed Index ranges between 0 and 100. A value closer to 0 reflects “Extreme Fear,” suggesting that investors are irrationally oversold. The opposite applies when the value is closer to 100, which reflects an irrationally overbought market. A median value, as currently seen, suggests a high level of indecision among cryptocurrency investors. The CoinMarketCap Fear and Greed Index figures align with the crypto market’s sideways direction over the past few weeks, exemplified by Bitcoin’s sidewa… The post Crypto Sentiment Turns Neutral: What Happens Next? appeared first on Coin Edition .

Source: Coin Edition