"Bitcoin Fear and Greed Index Hits 'Greed' Level, Avoids Extreme"

# Bitcoin Fear and Greed Index Enters "Greed" Territory Without Hitting "Extreme Greed" The Bitcoin (BTC) Fear and Greed Index, an indicator of market sentiment, has moved into the "Greed" zone but has not yet crossed into "Extreme Greed," suggesting cautious optimism among investors. As of November 13, as reported by NewsBitcoin, the Bitcoin Fear and Greed Index recorded a score of 70, marking it in the "Greed" category. However, it has not reached the "Extreme Greed" threshold of 75 or higher. Previously, a market correction had placed investor sentiment in neutral territory, but the recent resurgence in Bitcoin's price has boosted market confidence accordingly. # Market Sentiment Strengthens Amid Bitcoin Price Recovery Created by the digital asset analytics platform Alternative, the Fear and Greed Index measures general market sentiment about Bitcoin and other cryptocurrencies. The index scale ranges from 0 to 100, with scores below 47 indicating "Fear," above 53 indicating "Greed," and between 47 and 53 representing neutral sentiment. A score above 75 indicates "Extreme Greed," while below 26 denotes "Extreme Fear." Even as Bitcoin approaches its all-time high (ATH), investors remain cautious, steering clear of "Extreme Greed." NewsBitcoin pointed out that historically, digital assets often move contrary to the prevailing market sentiment, which might favor Bitcoin’s price outlook if over-optimism does not come into play. # Historical Indicators Suggest Potential for Contrarian Price Movements Markets often move contrary to extreme emotional sentiment, which can signal significant price highs or lows. This trend has been frequently observed in cryptocurrency markets. Analysts suggest that the absence of "Extreme Greed" sentiment might support Bitcoin's sustained upward momentum against broader market expectations. Recently, Bitcoin saw a brief increase above $105,000 but experienced minor corrections thereafter. As of 4:17 p.m. local time on November 13, Bitcoin was trading at $102,900 on Binance, indicating stable yet cautious price movements. Potential volatility may arise as traders keep a close watch on sentiment changes or external market influences.