Bitcoin: Fear & Greed

Market Sentiment Analysis - The Fear and Greed Index ranges from 0 to 100, reflecting extreme fear to extreme greed, and moving averages can aid in assessing the levels of fear or greed [2] - Short-term analysis reveals a divergence where price makes higher highs, but the Fear and Greed Index registers lower highs, potentially due to altcoins not participating as much, indicating less euphoria [2] - The last cycle showed that lower highs in the Fear and Greed Index, while price made higher highs, preceded a market correction, suggesting this pattern is worth monitoring [2] - The current 30-day EMA of the Fear and Greed Index reached 67, lower than previous rallies that peaked near 80, indicating less greed in the current market [4] - If Bitcoin price increases while the Fear and Greed Index lags, it could mirror a past post-halving setup, where a divergence between price and sentiment eventually requires resolution [7] Market Outlook - Seasonal weakness is expected in Q3, potentially leading to a reset of the Fear and Greed Index to lower levels before a subsequent rally [5][6] - The Fear and Greed Index has not reached the same greedy levels as in previous rallies [6]