Bitcoin fear and greed index 2023

The Bitcoin Fear and Greed index hasn’t been securely in the “greed” zone since September 21, 2023.

Since Bitcoin has increased by around 40% year-to-date, the index is indicating a bullish trend as the original cryptocurrency advances after falling to a two-year low of under $16,000 in 2022.

What measurements constitute the Bitcoin/FGI?

The Bitcoin Fear and Greed Index (FGI)uses a combination of technical and fundamental analysis to measure the sentiment of the market. The index uses a variety of data points, including:

Volatility:

Measures the volatility of the price of Bitcoin, based on the daily standard deviation of returns.

Market Momentum/Trend:

looks at the direction of the moving averages and the gap between them.

Trading Volume:

Analyzes the trading volume of Bitcoin, looking for changes in the buying and selling pressure.

Social Media Sentiment:

Analyzes the sentiment of the online community by looking at the number of positive and negative mentions of Bitcoin in social media.

Surveys:

Surveys of investors and traders, to gauge their sentiment towards Bitcoin and the cryptocurrency market as a whole.
The index ranges from 0 to 100, with a higher score indicating a higher level of fear and a lower score indicating a higher level of greed. It is published by alternative. me, a website that tracks alternative investments, including Bitcoin.