BTC, ETH, AVAX, CORE Gain While BTT Corrects as Bulls Dominate the Market

The bulls are in total control in today's session, as seen from the increase in the global market cap. The total cap stood at $2.17T as of press time

Crypto Fear & Greed Index Drops 1 Point: 24 March 2023

The Crypto Fear & Greed Index fell 1 point from last week to stand at 75 out of 100 in today’s reading. This indicates that market sentiment is still in the zone of "Extreme Greed."

The index reading remained unchanged over the last 24 hours at press time.

Now, let’s quickly review the seven indicators that contribute to the calculation of the Crypto Fear & Greed Index, and how each indicator fared this week.

Bitcoin Price Analysis

Bitcoin, $BTC, price movements are posting gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Supertrend is currently green, indicating a bullish trend. The price has consistently stayed above the Supertrend line, which provides support around $58,421.47. A break below this level might signal a potential trend reversal or a period of consolidation.

On the other hand, we see that the Money Flow Index (MFI) is at 73.02, which is in the overbought zone. This suggests that the asset might be overvalued in the short term, and a price correction could be on the horizon. Bitcoin traded at $61,084 as of press time, representing a 0.5% increase over the last 24 hours.

Bitcoin Fear & Greed Index Now

The Fear & Greed Index reading is currently influenced by the following seven indicators, each of which contributes a portion to the overall score.

Relative Strength Index (RSI): 95 (Extreme Greed)

Weighted Standard Deviation: 83 (Extreme Fear)

Fear and Greed Put/Call Ratio: 0 (Extreme Fear)

30-day Moving Average: 10 (Extreme Fear)

200-day Moving Average: 100 (Extreme Greed)

Stockastic Relative Strength Index (SRSI): 95 (Extreme Greed)

Volume Relative Strength Index (VRRSI): 10 (Extreme Fear)

As you can see from the readings above, the majority of the indicators are signaling "Extreme Greed," except for the 30-day Moving Average, Volume Relative Strength Index (VRRSI), and Weighted Standard Deviation, which are indicating "Extreme Fear."

Out of the seven indicators, only the Fear and Greed Put/Call Ratio is indicating "Neutral" sentiment.

Now, let’s quickly review the seven indicators that contribute to the calculation of the Crypto Fear & Greed Index, and how each indicator fared this week.

Bitcoin Price Analysis

Bitcoin, $BTC, price movements are posting gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Supertrend is currently green, indicating a bullish trend. The price has consistently stayed above the Supertrend line, which provides support around $58,421.47. A break below this level might signal a potential trend reversal or a period of consolidation.

On the other hand, we see that the Money Flow Index (MFI) is at 73.02, which is in the overbought zone. This suggests that the asset might be overvalued in the short term, and a price correction could be on the horizon. Bitcoin traded at $61,084 as of press time, representing a 0.5% increase over the last 24 hours.

Bitcoin Fear & Greed Index Now

The Fear & Greed Index reading is currently influenced by the following seven indicators, each of which contributes a portion to the overall score.

Relative Strength Index (RSI): 95 (Extreme Greed)

Weighted Standard Deviation: 83 (Extreme Fear)

Fear and Greed Put/Call Ratio: 0 (Extreme Fear)

30-day Moving Average: 10 (Extreme Fear)

200-day Moving Average: 100 (Extreme Greed)

Stockastic Relative Strength Index (SRSI): 95 (Extreme Greed)

Volume Relative Strength Index (VRRSI): 10 (Extreme Fear)

As you can see from the readings above, the majority of the indicators are signaling "Extreme Greed," except for the 30-day Moving Average, Volume Relative Strength Index (VRRSI), and Weighted Standard Deviation, which are indicating "Extreme Fear."

Out of the seven indicators, only the Fear and Greed Put/Call Ratio is indicating "Neutral" sentiment.

The above is the detailed content of BTC, ETH, AVAX, CORE Gain While BTT Corrects as Bulls Dominate the Market. For more information, please follow other related articles on the PHP Chinese website!