Crypto analysts echoed the positive sentiment around Bitcoin, with some speculating it could jump to $125,000 in the near term.
Sentiment among crypto market participants has again turned bullish following a modest price increase in several major cryptocurrencies over the past 24 hours.
The Crypto Fear & Greed Index rose to “Greed” on Thursday with a score of 62 out of 100, recovering from a drop into “Neutral” the day before. It followed several volatile days in the crypto market as Bitcoin (BTC) fell to $112,000 over the weekend, just weeks after hitting an all-time high of $123,100 in mid-July.
The index’s return to “Greed” came as Bitcoin rose 1% over the past 24 hours, trading at $114,298, according to Nansen.
