If you are reading my blog, then I'm sure you are aware that I often talk about the fear and greed index in the market. I do it because I know that this is one of the fantastic metrics in the market through which we can figure out how things are going in the market. Based on that, we can plan our decisions accordingly.
I know that maybe a lot of people are not following it, which is completely a personal choice, because it is not necessary. What I follow is also followed by other people in the market, but it's okay. Sometimes we learn new things, and surely I got to learn about it a few years back. Since then, I have been following it closely. If you look at the snapshot which I have shared below for the fear and greed index, you'll be able to see that this number stands at 58. This means there is an increase in fear in the market, and greed had gone down, because when greed goes up, this number will increase.
In the last 1 or 2 weeks, things have gone down. We have seen how things were going well also, but it's fine because it is the market, and things just can't stay on the same page all the time. We can see a lot of changes and things happening in the market overall. Generally, the last quarter of every year is considered good, but let's see how this is going to be. We can see that October is here, and the first week is already gone by. The current situation is not great, but it is also not too bad. Maybe we need to wait for some more time and see how things are shaping up in the market. If that goes well, then probably Bitcoin can rise further. In a week or two, things can be much clearer, but for that, we need to wait and watch.
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