TL;DR
- Bitcoin’s approach to $35,000 pushed the “BTC Fear and Greed Index” into “Greed” territory, reaching its highest since April 2023.
- The index mainly indicated “Fear” in the latter half of 2022, but recent market positivity suggests a crypto market rebound.
- High greed might signal a market correction, yet analysts remain optimistic about Bitcoin’s growth with favorable factors in play.
The ongoing cryptocurrency market revival, specifically Bitcoin’s bull run towards $35,000, seems to have changed the investors’ stance on the asset.
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