Today's Fear and Greed Index is Neutral at 47

Bittime - Currently, the Fear and Greed Index is at 47, which indicates a neutral zone. This number dropped from November (extreme greed 88) to neutral levels (below 60) between late December and early January. 

The decline in the Fear and Greed Index is in line with a significant correction in Bitcoin prices. Read this article to find out more!

Today's Fear and Greed Index and Bitcoin Price

If the Fear and Greed Index continues to decline, market confidence will likely be further eroded, which could sustain selling pressure in the short term.

Bitcoin has experienced one of the biggest bearish corrections in the last 3 months. From its high of $108,000, Bitcoin price has now fallen more than 15% since mid-December and faces major resistance at the $90,000 level.

Read Also: Why is the Crypto Market Down Today? This is the Cause! 

Today's Fear and Greed Index and Market Trends  

SAs the Fear and Greed Index decreases, the market is showing uncertainty by forming a short-term lateral range between the resistance level of $106,000 and the support of $90,000.

$106.000: This level is a comfort zone for the bullish movement over the past month and corresponds to the all-time high. If the price manages to stabilize above this level, market confidence may recover and open up the opportunity for a new uptrend.

$90.000: Currently, this level serves as key support for the bearish move. This is the third time Bitcoin price has tested this level. If a consistent breakout occurs, the bearish trend may continue in the short term.

$87.000: This level solidifies the price zone as an important barrier. A break below $87,000 could accelerate selling pressure in the coming trading sessions.

Conclusion of Today's Fear and Greed Index

With today's Fear and Greed Index at 47, the crypto market is in the neutral zone. This condition reflects uncertainty among investors. 

In the near term, market players must continue to monitor key support and resistance levels to determine the direction of the next movement. 

For investors, it is important to remain alert to possible changes in market sentiment influence investment strategy.

Read Also: Crypto ETFs 2025: Crypto Assets That Have the Potential to Be Approved by Regulators 

Fear and Greed Index FAQs

What is the Fear and Greed Index?

Fear and Greed Index is an indicator that measures market sentiment based on investors' fear and greed. This index helps understand whether the market is bearish (fearful) or bullish (greedy).

How Does the Fear and Greed Index Work?

Fear and Greed Index calculated based on various factors, such as volatility, trading volume, social media, and market trends. The index scale ranges from 0 (very fearful) to 100 (very greedy).

How to Read the Fear and Greed Index Value?

A value of 0-24 indicates extreme fear, 25-49 reflects fear, 50 is neutral, 51-74 represents greed, and 75-100 indicates extreme greed.  

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Reference

City Index, Bitcoin Analysis: Will Bears Break Through the 90k Barrier?, accessed January 14, 2025.

Author: IPR