Traders of #bitcoin left behind #miedo :
The fear and greed index for cryptocurrencies turns neutral, showing better expectations.
The bitcoin (BTC) and #criptomonedas. das market remains for the fifth consecutive day with a neutral sentiment. This is according to the fear and greed index surveyed by the Alternative explorer.
In this way, the market shows that it has left behind the fear that prevailed during the past week. Such a state had occurred with the war escalation between Israel and Iran that caused demand in global financial markets to decline.
With the change to neutrality, which ended the state of fear, market sentiment shows a recovery. However, it should be noted that it is still not like the one before the recent geopolitical tensions. At that time, a greed scenario was maintained.
This means that currently the market has neither bearish nor bullish sentiment. Therefore, the price of bitcoin could experience low volatility until the development of the environment defines the direction.
It is also expected that tomorrow a decrease in inflation will be announced in the United States. If this forecast is realized, the financial markets could react upwards, since it represents greater liquidity. Therefore, the sentiment of traders could improve unless new headwinds arise.
Meanwhile, as anticipated by CriptoNoticias, bitcoin remains trading around $62,000 (USD) so far this week. This shows a recovery from the $60,000 it hit last week in the face of geopolitical tensions.
