Crypto Fear and Greed Index Hits Three-Year High!

Market sentiment has reached extreme levels of greed, according to the Fear & Greed Index, a measure of investor sentiment in the cryptocurrency space.

As Bitcoin price surpassed $51,000 and other cryptocurrencies followed suit with notable gains, market sentiment reached “extremely greedy” levels.

The Fear and Greed Index, which combines market momentum, volatility, volume and social media data, has hit its highest level since Bitcoin rose to an all-time high of $69,000 in November 2021, with a score of 79/100.
The Fear and Greed Index has generally remained above 70, the “greed” threshold, since last October.

Notably, the index quickly dropped to 50 after the Bitcoin ETF was approved in January, an event that sparked a “sell the news” reaction from investors.

Bitcoin's remarkable price performance over the past year underscores the ongoing bullish trend in the cryptocurrency market.

Just a year ago Bitcoin was trading at $21,000. Today, BTC is trading above $51,000.
An analyst named Stockmoney Lizard claims that the BTC and altcoin price rally will begin with the halving event.
While Bitcoin and altcoins have been having hot days recently, investors are expecting a major altcoin price rally.

An analyst named Stockmoney Lizard claims that BTC and altcoins are ready for a bull run by comparing it to previous halving cycles.

The analyst divides the cycle into a bear market phase, an accumulation phase and a bullish phase, and accepts the halving event as the beginning of the bullish phase.

According to analysis, Bitcoin and altcoins will enter a bullish phase with the halving event and experience strong price increases.

The analyst said to “think simple” and stated that it is actually easy to determine when the rise of BTC and altcoins will begin.