{"id":342291,"date":"2021-09-21T19:30:00","date_gmt":"2021-09-21T16:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fear-greed-index-suggests-bitcoins-price-is-undervalued\/"},"modified":"2021-09-21T19:30:00","modified_gmt":"2021-09-21T16:30:00","slug":"fear-greed-index-suggests-bitcoins-price-is-undervalued","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fear-greed-index-suggests-bitcoins-price-is-undervalued\/","title":{"rendered":"# Fear & Greed Index suggests Bitcoin’s price is undervalued"},"content":{"rendered":"

“# Fear & Greed Index suggests Bitcoin’s price is undervalued <\/strong>”<\/p>\n

Recent data from the Crypto Fear & Greed Index indicates that the cryptocurrency market is experiencing a period of investor fear with a 3-month low score of 27 out of 100.<\/p>\n

By utilizing leading cryptocurrency asset Bitcoin (BTC) as the markets representative, the seasoned technical analysis tool<\/a> informs cryptocurrency traders worldwide on the current emotional sentiment and bias of the market.<\/p>\n

This data can be then used \u2014 in accordance with other analytical strategies \u2014 to determine the potential of a future surge or correction, and ultimately, whether price levels represent an opportunity to buy or sell the market.<\/p>\n

A lower number out of 100 indicates a shift towards extreme market fear and that BTC may be undervalued, whilst a higher number represents extreme market greed and that prices could be inflated above true value, foreshadowing a future decline.<\/p>\n

Following Bitcoin\u2019s 10.4% decline to $43,313 this week, the index revealed a score of 27. The last time it printed a figure at or below this level was almost 3 months ago today on the 26th July.<\/p>\n

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The index recorded 1-year lows on the 21st July with a score of 10, followed by a parabolic rally to 5-month highs of 79 across late August and early September. This volatility has been paralleled across the entire cryptocurrency market, with prices frequently printing double-digits.<\/p>\n

Related: Bitcoin bounces to $43K ahead of fresh crypto comments from SEC Chair Gensler<\/em><\/strong><\/p>\n

Reddit<\/a> user u\/_DEDSEC_ adapted the common trading mantra \u2018buy the rumour, sell the news<\/a>\u2019 and commented that traders should “buy the fear, sell the greed.”<\/p>\n