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Good evening. Bitcoin has essentially been making slow gains in about the $36-38K USD/BTC range over the last couple of days. Earlier today BTC price touched about $38,500 USD/BTC. As I write the price is $37,850 USD/BTC. And, at 8:00 PM New York City time on Saturday, January the 29'th, the infamous Twitter account Bitcoin Fear and Greed Index @BitcoinFear posted that the index score was 29, which is an increase of 5 points from 24 hours ago. When the index was posted tonight, the BTC price was $38,073 USD/BTC. One day ago when the index score of 24 was posted the price was $37,744 USD/BTC. The index moved from "extreme fear" to "fear" for the first time since about January 4th.
Below is a 30-day chart of the Fear and Greed Index values. On the horizontal x-axis is the date back to 30 days prior, and on the y-axis are the Fear and Greed Index values for those dates. Note that only in early January, did the index exceed values of 25 and greater which is the cutoff from "extreme fear" to "fear."
Thanks for coming by and hope this post finds you in good spirits.
