Greed

bullish

Bitcoin

Rise

<p>Bitcoin made a leap yesterday, briefly reaching $68,000, igniting the entire crypto market. This surge caused a notable change in sentiment, pushing the greed index into “greedy” territory. This turnaround hints at a sustained bullish dynamic, fueled by investor hopes. Entering this greed zone is a first in six weeks, raising questions about future trends.</p> 
<h2 id="h-bitcoin-une-ascension-remarquee">Bitcoin: A Remarkable Rise</h2> 
<p>Since October 10th, Bitcoin has picked up, recording <strong>a 12% increase</strong>. It even briefly <strong><a href="https://www.cointribune.com/en/the-price-of-bitcoin-is-skyrocketing-and-surpasses-68000/" target="_blank" rel="noreferrer noopener">crossed the $68,000 mark</a> on October 16th</strong>, before slightly falling to $67,350.</p>
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<p>For crypto enthusiasts, this marks <strong>a new step in the evolution of the <a href="https://www.cointribune.com/comment-acheter-du-bitcoin/" target="_blank" rel="noreferrer noopener">BTC price</a></strong>. According to IntoTheBlock data:</p> 
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 <li>95% of Bitcoin holders are in profit;</li> 
 <li>3% are at their initial investment;</li> 
 <li>2% are experiencing a loss.</li> 
</ul> 
<p>This <strong>optimistic peak</strong> obviously attracts potential sellers. Yet, <strong>the number of active addresses in profit decreased from 112,780 to 91,160</strong> in just one day, indicating that some are betting on further increases.</p> 
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<h2 id="h-marche-crypto-l-avidite-monte-d-un-cran">Crypto Market: Greed Levels Up</h2> 
<p>The <strong><a href="https://coinmarketcap.com/charts/fear-and-greed-index/" target="_blank" rel="noreferrer noopener">entry into the greed zone</a></strong>, at 60 today, marks a turning point for the crypto market after a period of hesitation since early August. Recent weeks have been eventful, marked by a drop in Bitcoin below $54,000 before this spectacular rebound.</p> 
<p>For the first time since July 31st, <strong>the market is regaining a sustained bullish sentiment</strong>, which could signify the start of a new phase of expansion.</p> 
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   Price of BTC and crypto fear and greed index – Oct. 17 | Source: CoinMarketCap
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<p>“<em>At this stage, some profit-taking is expected</em>,” says an analyst. Indeed, <strong>the influx of gains may prompt strategic sales</strong>. However, investor retention suggests higher expectations, especially with the potential for BTC to rise above $70,000.</p> 
<p>Finally, it’s interesting to note that a week ago, <a href="https://www.cointribune.com/en/neutral-fear-greed-index-decline-of-capital-will-bitcoin-finally-bounce-back/" target="_blank" rel="noreferrer noopener">the Fear &amp; Greed index reached neutral</a>, rekindling hopes of a Bitcoin recovery. The past few days seem to have confirmed this trend.</p>

Bitcoin Is Awakening Investors’ Appetite: What Does This Resurgence Mean?

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