Bitcoin's Fear and Greed Index has experienced a Golden Cross as the cryptocurrency's price recovers, climbing back above $90,000 and briefly nearing $100,000. The 30-day moving average (MA) of the index surpassed the 90-day MA, a technical indicator suggesting increased bullish sentiment. This marks the first occurrence since May 2025, with the 30-day MA reaching 30.2% compared to the 90-day MA at 26.1%.
Despite this bullish signal, on-chain analyst MorenoDV notes that the market remains "skeptical," with elevated volatility and fragile confidence. The Golden Cross often follows extended periods of market fear, and while Bitcoin currently trades at $91,200, down 2% in the last 24 hours, the crossover could signal potential bullish trends if it aligns with higher price lows and reduced distribution.
Bitcoin's Fear and Greed Index Hits Golden Cross Amid Price Recovery
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