Bullish Sentiment Returns as Bitcoin Approaches $100K

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Despite Bitcoin remaining below $100,000, crypto sentiment is improving as the cryptocurrency has climbed above $90,000.

Crypto market sentiment is beginning to show signs of improvement, as Bitcoin holds above $90,000, with the attitude toward the market now stronger than it was earlier this month when Bitcoin was trading above $100,000.

The Crypto Fear & Greed Index, which measures overall crypto sentiment, posted an “Extreme Fear” reading of 25 on Friday, up three points from the previous day and nearly 10 points higher than on Nov. 13, which was the last time Bitcoin traded above $100,000 before falling below six figures.

Bitcoin is trading at $91,032 at the time of publication, according to CoinMarketCap, with crypto analysts debating how soon Bitcoin could reclaim $100,000.


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