The Crypto Fear and Greed Index posted a Fear reading of 20 on Friday, up two points from the previous day.
Bitcoin News
Crypto market sentiment shows improvement as Bitcoin holds above $90,000, with investor attitude now stronger than earlier this month when Bitcoin traded above $100,000. The Crypto Fear and Greed Index posted a Fear reading of 20 on Friday, up two points from the previous day.
The index reading stands nearly 10 points higher than on Nov. 13, which was the last time Bitcoin traded above $100,000 before falling below six figures. Bitcoin is trading at $91,032 at the time of publication, with crypto analysts debating how soon the cryptocurrency could reclaim the $100,000 level.
Crypto analyst Ted said in an X post on Thursday that if Bitcoin reclaims $93,000 or $94,000, he thinks $100,000 could happen before any downside. Meanwhile, crypto sentiment platform Santiment said in a report on Wednesday that the recent rise in bearish sentiment across social media has historically signaled positive momentum for the crypto market.
Santiment stated that most major turnarounds occur when retail hope is mainly lost. Markets have historically moved in the opposite direction of the crowd's expectations. Even some prominent, typically bullish, crypto executives are beginning to temper their outlook in the current market environment.
On Thursday, BitMine chair Tom Lee appeared to ease his bullish forecast that Bitcoin would reach $250,000 by year-end, which he has promoted for most of the year. Instead, Lee said he remains confident Bitcoin could reclaim $100,000, and it could maybe set a new all-time high above its current peak of $125,100.
Crypto trader Jelle said that after a bunch of slow-bleed corrections, almost everyone was caught off guard by the sell-off. The market is now entering December, a month that has historically been relatively mild for Bitcoin. Since 2013, the month of December has posted an average return of 4.75%, according to CoinGlass.
However, with October and November, traditionally among Bitcoin's strongest months, failing to meet expectations this year, some market participants are now questioning whether December will also break from historical trends. The coming weeks will test whether seasonal patterns hold or if 2025 continues to defy conventional market behavior.
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