Data shows the Bitcoin Fear & Greed Index has declined to a neutral level recently. Here’s what this could imply for the cryptocurrency’s price. Bitcoin Fear & Greed Index Is Now Pointing At ‘Neutral’ The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment present among the traders in the Bitcoin and wider cryptocurrency markets. Related Reading: Crypto Analyst Explains What Could Trigger Ethereum Rally To $6,000 This metric uses the data of the following five factors to calculate its value: volatility, trading volume, social media sentiment, market cap dominance, and Google Trends. When the indicator has a value greater than 53, it means the investors as a whole share a sentiment of greed. On the other hand, it being under 47 implies the dominance of fear in the market. All values in the range lying between these cutoffs correspond to a net neutral mentality. Besides these three main sentiments, there are also two ‘extreme’ ones called the extreme fear and extreme greed. The former occurs at or above 75 and the latter at or under 25. Now, here is how the Bitcoin Fear & Greed Index is looking at the