The Crypto Fear and Greed Index has reached its highest level in 2023, surpassing levels not seen since BTC’s ATH in November 2021. Market sentiment towards Bitcoin and cryptocurrency has been bullish since the collapse of SVB. The Crypto Fear and Greed Index has reached its highest level in 2023, surpassing levels not seen since […]
The Crypto Fear and Greed Index has reached its highest level in 2023, surpassing levels not seen since BTC’s ATH in November 2021.The Crypto Fear and Greed Index has reached its highest level in 2023, surpassing levels not seen sinceThe latest Index update showed a score of 68, firmly placing it in the “Greed” category.
The index last scored 66 on 16 November 2021, only a few days after Bitcoin recorded ATH of over $69,000 on 10 November 2021. Since the collapse of Silicon Valley Bank and the subsequent fallout in the traditional financial markets, market sentiment towards Bitcoin and cryptocurrency has been bullish.
Bitcoin has gained around 27.8% over the past week, reaching $28,000 for the first time since June 2022.The founder and CEO of investment firm Capriole, Charles Edwards, predicted an even more ambitious price target of $100,000 for Bitcoin. In a recent tweet, Edwards described BTC price action in 2023 as a:He further believed that “the target is over $100,000.” He, however, added,Textbook perfect Bitcoin "Bump & Run Reversal" bottom is back and the target is over $100,000.
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