COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Investors and Traders Hold High Expectations for Cryptocurrency Amid Recent Rallies
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Investors and Traders Hold High Expectations for Cryptocurrency Amid Recent Rallies
Cryptocurrency News

Investors and Traders Hold High Expectations for Cryptocurrency Amid Recent Rallies

In Brief

  • After the recent rally in cryptocurrencies, there was a noticeable price increase in Bitcoin and several altcoins. During this process, the level of greed in cryptocurrency returned to the highest levels last seen in the 2021 bull. Despite being earlier than expected, investors and traders harbor a strong belief that the bull market has started […]
COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

After the recent rally in cryptocurrencies, there was a noticeable price increase in Bitcoin and several altcoins. During this process, the level of greed in cryptocurrency returned to the highest levels last seen in the 2021 bull. Despite being earlier than expected, investors and traders harbor a strong belief that the bull market has started and they already have high expectations before 2024.

Contents
What is the Fear and Greed Index?Return to 2021 in Crypto

What is the Fear and Greed Index?

The Fear and Greed Index provides information about the emotional state of the general sentiment in a particular market, based on data obtained with the help of technical indicators. Essentially, fear rises under weak momentum with decline indicators and high selling pressure. Meanwhile, greed emerges during a strong momentum when demand increases.

However, situations where excessive fear is observed generally show parallelism with oversold situations, while excessive greed can usually indicate overbought situations. Both situations mentioned can be a trigger for a reversal of a trend and sentiment.

Return to 2021 in Crypto

Specifically, according to the index published by Alternative, crypto ‘Greed’ reached its highest level in recent years with 74 on November 30th. The index, which maintained its strength in this region, was in the greed zone with 73 as of December 9th, when this article was written.

Interestingly, this level of greed had previously been reached during the bull market of 2021. Even earlier, the crypto fear and greed index had consistently visited these levels in the early periods of August 2020.

As seen in the graph above, the index has a structure containing ups and downs. Independent peaks do not seem directly related to the bull market. In addition, when Greed (or Fear) is consistently in a certain area, the correlation can attract attention depending on a more reliable indicator.

Considering what happened in 2020 and 2021, it may be possible for fear in crypto to dominate again before the levels of extreme greed that may occur later.

All things considered, the highest level seen for a long time reflects the feelings of many cryptocurrency followers at this visited level.

Finally, if the cryptocurrency market can maintain the continuity of capital inflows and maintain its strong momentum, cryptocurrency prices may continue to rise in the coming days. Afterwards, a certain amount of pullback in the market could be one of the possible situations if greed rises too much and too quickly.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Diplomatic Winds Boost Cryptocurrency Surge as Bitcoin and Ethereum Soar

Trump Cuts Ties with Lobby Firm Over Digital Asset Controversy

Lido Finance Empowers stETH Holders with New Governance Proposal

Crypto Markets Surge with Bitcoin’s Impressive Rise

Steak ‘n Shake Embraces Bitcoin for Nationwide Payments

COINTURK NEWS 10 December, 2023 - 9:28 am 9 December, 2023 - 10:39 pm
Share This Article
Facebook Twitter
Share
Previous Article Microstrategy’s Bitcoin Standard Adoption: A Game Changer
Next Article Cardano (ADA) Hits a New High Since June 2022, Triggering a High Level of FOMO
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Bitcoin Surges as the Dollar Index Weakens
Bitcoin (BTC)
Seize Opportunities in the Crypto Market with Strategic Investment Approaches
Altcoin News
Bitcoin Drives Altcoins to New Heights: Market Surge Analysis
Altcoin News
Pi Coin Surges Dramatically, Capturing Market Attention
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?