Crypto sentiment shifts off extreme fear, but ‘mixed emotions’ persist — TradingView News
A widely used crypto market sentiment indicator has shaken off its “extreme fear” rating as of Friday, returning to its highest levels in 21 days despite still trading under $90,000.
The index, which measures overall crypto market sentiment, recorded a “fear” score of 29 in its Friday update, climbing out of the “extreme fear” zone to its highest level since Dec. 12.
The price of Bitcoin (BTC) is $88,995 at the time of publication.
The rise in sentiment is a positive signal for the crypto community, and some analysts say the long stretch in “fear” or “extreme fear” territory could indicate the market is primed for potential gains.
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