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Bitcoin Sentiment Shifts to ‘Fear’ – BTC, Ethereum, XRP, Litecoin Forecasts

 

As Bitcoin bears drag the leading cryptocurrency below $11,000, the overall sentiment on BTC is now in the fear zone, according to a popular index from Alternative.me.

The Fear & Greed index analyzes market volatility, social media and surveys to measure the sentiment among crypto traders.

On Saturday the index registered 59, indicating greed, as Bitcoin traded sideways between $11,381 and  $11,440. It currently registers at 45, a sign that investors are worried the price may drop further.

Run by the developers and creators of Strawpoll.com and Thundercheck.org, the index shows that when traders are fearful, a market correction is typically underway. The needle is designed to shift into “extreme fear” when a significant correction has taken…

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