{"id":2244,"date":"2025-01-17T18:00:34","date_gmt":"2025-01-17T18:00:34","guid":{"rendered":"https:\/\/coinstrend.net\/blog\/crypto-fear-and-greed-index-barrels-toward-extreme-greed-again-as-bitcoin-price-clears-101000-is-this-good-news\/"},"modified":"2025-01-17T18:00:34","modified_gmt":"2025-01-17T18:00:34","slug":"crypto-fear-and-greed-index-barrels-toward-extreme-greed-again-as-bitcoin-price-clears-101000-is-this-good-news","status":"publish","type":"post","link":"https:\/\/coinstrend.net\/blog\/crypto-fear-and-greed-index-barrels-toward-extreme-greed-again-as-bitcoin-price-clears-101000-is-this-good-news\/","title":{"rendered":"Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News?"},"content":{"rendered":"

The Bitcoin price has once again pushed above the $100,000 level after three consecutive days of price increases. Particularly, Bitcoin’s return above $100,000 comes on the back of a 12.5% increase after it bounced off the $90,000 support level on Monday, January 13.\u00a0<\/p>\n

As expected, this positive momentum with Bitcoin has flowed into other cryptocurrencies. Major altcoins have mirrored Bitcoin\u2019s surge, contributing to a notable increase in the overall cryptocurrency market capitalization A byproduct of this crypto market cap increase has been a simultaneous movement in the Crypto Fear and Greed Index, which is now moving to the Extreme Greed threshold<\/a>.<\/p>\n

Fear And Greed Index Moves To Extreme Greed<\/h2>\n

The buying opportunities. <\/p>\n

On the other hand, when greed dominates, it often signals overbought conditions. It also opens up a possibility that a correction or crash might be close, especially if there is a quick switch from neutral to extreme greed.<\/p>\n

The entire crypto market cap has witnessed steady inflows this week. Data from CoinMarketCap shows that the total cryptocurrency market cap began the week around $3.14 trillion. This figure has risen to $3.57 trillion at the time of writing, representing an inflow of about $430 billion in the past five days. This 13.5% jump points to increased optimism as Bitcoin and a few major altcoins are now looking to return to new highs.<\/p>\n

These recent inflows into the crypto market have seen the index moving from a neutral threshold at the beginning of the week to a greed threshold at the time of writing. What\u2019s particularly striking is the speed at which sentiment has shifted. As of now, the index is nearing the extreme greed threshold, a zone that suggests the market could be entering overbought territory.<\/p>\n

\"Crypto<\/p>\n

Where Does The Bitcoin Price Go From Here?<\/p>\n<\/h2>\n

The market’s ability to maintain its course and maintain a sentiment of greed hinges on Bitcoin’s ability to maintain a price<\/a> above $100,000, given its dominant position in the market. Should the bulls succeed in defending the $100,000 mark and establishing it as a solid support level, this could mitigate the risk of extreme greed leading to overbought conditions and a subsequent downward correction.<\/p>\n

A support above $100,000 would essentially reset the Crypto Fear And Greed Index around this level. Failure to hold above $100,000 could validate the historical trend that an extreme greed sentiment usually leads to a crash.\u00a0<\/p>\n

At the time of writing, Bitcoin is trading at $101,420 and is up by 1.6% in the past 24 hours.<\/p>\n

\"Bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bitcoin price has once again pushed above the $100,000 level after three consecutive days of price increases. Particularly, Bitcoin’s return above $100,000 comes on the back of a 12.5% increase after it bounced off the $90,000 support level on Monday, January 13.\u00a0 As expected, this positive momentum with Bitcoin has flowed into other cryptocurrencies.…<\/p>\n","protected":false},"author":1,"featured_media":2245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1198],"tags":[24,322,1454,1455,47,25,52,323,22,1456,1457],"class_list":["post-2244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-crypto","tag-crypto-adoption","tag-crypto-fear-greed-index","tag-crypto-fear-greed-index-news","tag-crypto-market","tag-crypto-news","tag-cryptocurrency","tag-cryptocurrency-market","tag-cryptocurrency-market-news","tag-fear-greed-index","tag-fear-greed-index-news"],"_links":{"self":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/2244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/comments?post=2244"}],"version-history":[{"count":0,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/2244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media\/2245"}],"wp:attachment":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media?parent=2244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/categories?post=2244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/tags?post=2244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}