The Bitcoin Fear and Greed Index reached an index score of 52 over the weekend, its highest since April 5. The move follows a 24% gain for the BTC over the past seven days. Since June 2022, the index has been hovering between 20 and 30 in the “Extreme Fear” category. Analysts have labeled the recent move as a bull trap but a weekly close has led some to believe momentum will continue.
Bitcoin Steps Out Of ‘Fear’ For the First Time in Nine Months