Bitcoin Fear & Greed Index Remains Below Extreme Greed Despite Price Surge

The Bitcoin Fear & Greed Index currently stands at 70, indicating a sentiment of greed among investors. This value remains below the extreme greed threshold of 75, suggesting that investor enthusiasm has not reached excessive levels despite Bitcoin's recent price surge above $104,000.

Key Points

The index uses five factors: trading volume, volatility, market cap dominance, social media sentiment, and Google Trends.
Values under 47 indicate fear; above 53 indicate greed; extremes are defined as above 75 (extreme greed) and below 26 (extreme fear).
Recent market sentiment improved following a pause in Bitcoin's price rally.
Historically, contrary moves often occur when investor sentiment is overly confident.
The current sentiment suggests potential for continued price movement before reaching a peak.

Bitcoin's price briefly exceeded $105,000 but has since pulled back to around $103,000.