Bitcoin Near ATH, But Still No Extreme Greed: Green Sign For Bull Run?
Summary
The Bitcoin Fear & Greed Index currently stands at 70, indicating a sentiment of greed among investors, but remains below the extreme greed threshold of 75. The index assesses market sentiment using five factors: trading volume, volatility, market cap dominance, social media sentiment, and Google Trends. Values below 47 indicate fear, while those above 53 suggest greed. Despite Bitcoin's recent price surge above $104,000, the index has not reached extreme greed, suggesting a lack of excessive hype among investors. Historically, Bitcoin tends to move contrary to prevailing sentiment, indicating potential for further price increases. Bitcoin's price has recently pulled back to $103,000 after briefly exceeding $105,000.
