It is important to see what is going on in the market because if we do that, it can help us plan things accordingly in this market, and probably that can turn out to be a better and profitable strategy. This is one of the metrics that I follow a lot in the market to figure out the market sentiments, and this is not a new one because I see a lot of people also follow the same, which is called the fear and greed index.
It is a metric through which we get to see if there are more buyers or there are more sellers, depending upon the greed and Fear Index. Currently, if we look at the market, then we can see that there is more fear in the market and it is not greed, and obviously, there are stages that are considered extreme, but in the current scenario, it is not extreme at all. When the fear goes extreme, a lot of sailing happens in the market; however, in the current situation, that is not the case. But if we talk about the extreme greed, then I think we are far away from there because this number is currently 34, for extreme fear, this should be 15
Currently we are in mid of this, and the situation is not so good. However, it is anticipated and expected that things will improve in this quarter, but one month is about to end, so we'll be left with only two months in the current year, and if things go well, then we are going to see a significant rise in the crypto prices. I have seen in the past that even one day can make a significant price movement in the market, so anything is possible depending upon how this market drives the overall sentiment and how this index continues to change depending upon the overall market scenario.
Let's see how these turn out to be, and are we will experience a rally in the prices for Bitcoin or maybe the altcoin in the year 2025, because it is highly expected to happen, and generally the last quarter of the year is considered good for the crypto market.
Thank you for stopping by. If you like my content, please vote and share your thoughts in the comments section.
10% beneficiary to Tron-fan-club