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The original was posted on /r/cryptocurrency by /u/Unitedstatesofnever on 2023-08-31 07:09:20+00:00.

The Bitcoin Fear and Greed Index has been in neutral territory now for quite some time. Its been hovering over neutral or slightly swinging into fear or greed.

Link to the index can here found here

The metric gauges investor sentiment across five distinct factors, and puts them into one number ranging from 0-100. Readings close to 0 indicate extreme fear, while readings closer to 100 indicate extreme greed.

I remember seeing before that any number below 10 helps towards indicating the bottom and a number above 90 helps indicate the top.

The most recent reading indicates a market that is in flux, with neither bulls or bears willing to take a strong stance in either direction.

This indicator should of course not be used as gospel or an Indicator on its own and we might be crabbing along like we are never going to break heavily either side but sit back, keep calm and remember that eventually the prices will rise. Maybe not today, maybe not next month but in time they will.