Currently, the crypto market seems to be in a neutral state, and I believe that if we go through the fear and greed index, then we can figure out the real sentiment in the market, whether it is bullish oe bearish, because that is one of the parameters through which we can get to know the reality of the market now. Here I am sharing the fear and greed index for the market, and currently, this number is 40, which is considered neutral.
It's like the market is not bullish and also not bearish, sh and since it is neutral so it's like people are waiting for some opportunity in the market, and that is why you're not able to see more momentum and fluctuation on the crypto prices.
Some people say that we have still not risen in the bullish market sentiment, and it can be true in a way, but I also believe that in the current situation, Bitcoin is surely bullish, but the old rally has not started, and we might have to wait for some time to see it happen. The last quarter of the year is anticipated that it is going to be bullish for altcoins as well, so let's see how it goes, and we are just one month away from entering in the last quarter of the year.
I often cheque crypto fear and greed index because it is a good parameter in the market to figure out that what should be the next action and especially when you are targeting to invest some money in the market then it is also very important that it should be very then only you are going to get good prices else you will end up paying more for the same set of coins.
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