Bitcoin Fear & Greed Index Climbs to Neutral 50, $112K Resistance Ahead
The Bitcoin Fear & Greed Index rose from 33 to 37 before surging to a neutral 50 level on September 29, with a seven-day average of 45. The index tracks volatility, market trading volume, social media activity, market surveys, Bitcoin dominance and Google Trends to gauge crypto market sentiment. Traders use the Fear & Greed Index to guide portfolio positioning and liquidity decisions. CryptoQuant analyst Axel Adler Jr highlights a key resistance at $112K and a max-pain level at $113K ahead of the October 3 options expiry. Monitoring volume spikes, price swings and shifts in sentiment can help identify optimal entry and exit points.
Bullish
The shift of the Fear & Greed Index into neutral territory signals rising risk appetite, a bullish signal for Bitcoin in both the short and medium term. In the near term, improved sentiment may drive further buying, though the identified $112K resistance and $113K max-pain level around the October 3 options expiry could trigger volatility and limit upside. Over the longer term, escaping the fear zone suggests a more sustained bullish trend, as traders gain confidence and market momentum builds.