Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Bank of Korea urges authority over won-based stablecoin issuance: report

    May 12, 2025

    AI dApps gain 26% in April, challenge DeFi and gaming for dominance

    May 12, 2025

    Uniswap price prediction | Is Uniswap a good investment?

    May 12, 2025
    Facebook X (Twitter) Instagram YouTube
    X (Twitter) Instagram YouTube LinkedIn
    Block Hub News
    • Lithosphere News Releases
    • Altcoins
      • Bitcoin
      • Coinbase
      • Litecoin
    • Crypto
    • Ethereum
    • Blockchain
    Block Hub News
    You are at:Home » Will Bitcoin price hit $110k as crypto fear and greed index turns green?
    Crypto

    Will Bitcoin price hit $110k as crypto fear and greed index turns green?

    James WilsonBy James WilsonMay 9, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Bitcoin price rallied this week, hitting the important resistance level at $104,000 for the first time since February. 

    Bitcoin (BTC) rebounded by nearly 40% from its April low, sparking a broader altcoin rally. Bitcoin’s market cap has surged past $2 trillion, while the total crypto market cap has climbed to $3.25 trillion.

    Several factors are fueling the Bitcoin rally. First, optimism is growing that trade tensions between the United States and other major economies may ease. The U.S. has already finalized a deal with the UK, and top officials are scheduled to meet with Chinese counterparts this weekend.

    An end to the current tariff regime would be a positive catalyst for both stocks and cryptocurrencies, as it would ease recession concerns, reduce inflationary pressure, and improve the likelihood of Federal Reserve rate cuts.

    Additionally, analysts have upgraded their Bitcoin forecasts. In a recent note, Standard Chartered said its previous $120,000 target was too conservative. CryptoQuant founder Ki Young Ju admitted he was wrong to call the end of the bull cycle. He expects BTC to have more upside, helped by rising institutional demand. 

    Two months ago, I said the bull cycle was over, but I was wrong. #Bitcoin selling pressure is easing, and massive inflows are coming through ETFs.

    In the past, the Bitcoin market was pretty simple. The main players were old whales, miners, and new retail investors, basically… pic.twitter.com/oN4n6vNc0s

    — Ki Young Ju (@ki_young_ju) May 9, 2025

    Meanwhile, spot Bitcoin ETFs have attracted over $40 billion in inflows since January 2024, with more than $1.7 billion added this month alone. Companies like Semler Scientific, Strategy, and MetaPlanet have continued to accumulate BTC through these ETFs.

    Bitcoin price may keep rising as investors become greedy. The crypto fear and greed index has jumped to the greed zone of 70. Historically, Bitcoin and other altcoins do well when investors are greedy.

    Bitcoin price technical analysis

    Bitcoin price
    BTC price chart | Source: crypto.news

    The weekly chart shows that BTC bottomed at $79,510 in April and has now posted five consecutive weeks of gains. It remains above the 100-week Weighted Moving Average, a sign that bulls continue to dominate the market.

    Bitcoin now appears poised to retest its all-time high at $109,400. With both the Relative Strength Index (RSI) and the MACD trending upward, momentum favors the bulls.

    A breakout above that level would confirm bullish continuation and potentially propel BTC toward the next psychological milestone at $110,000.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleTop 10 Change Management Software Solutions 2025
    Next Article Dow inches higher while S&P 500, Nasdaq climb as U.S.-China trade talks loom
    James Wilson

    Related Posts

    Bank of Korea urges authority over won-based stablecoin issuance: report

    May 12, 2025

    AI dApps gain 26% in April, challenge DeFi and gaming for dominance

    May 12, 2025

    Uniswap price prediction | Is Uniswap a good investment?

    May 12, 2025
    Leave A Reply Cancel Reply

    Demo
    Latest Posts

    Bank of Korea urges authority over won-based stablecoin issuance: report

    May 12, 20250 Views

    AI dApps gain 26% in April, challenge DeFi and gaming for dominance

    May 12, 20250 Views

    Uniswap price prediction | Is Uniswap a good investment?

    May 12, 20250 Views

    Alex Mashinsky’s prison listed as one of America’s ‘cushiest’

    May 12, 20250 Views
    Don't Miss

    TAO and Arbitrum investors rush to buy into 1Fuel presale before anticipated rally

    By Isabella TaylorApril 22, 2025

    For years, Arbitrum and TAO have dominated the market as two of the best altcoins…

    Slasher Ghost, and Other Developments in Proof of Stake

    April 24, 2025

    Bitcoin breaks $93,000 amid rumors that Saudi, UAE, or Qatar is buying

    April 23, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    Bank of Korea urges authority over won-based stablecoin issuance: report

    May 12, 2025

    AI dApps gain 26% in April, challenge DeFi and gaming for dominance

    May 12, 2025

    Uniswap price prediction | Is Uniswap a good investment?

    May 12, 2025
    Most Popular

    TAO and Arbitrum investors rush to buy into 1Fuel presale before anticipated rally

    April 22, 202528 Views

    Slasher Ghost, and Other Developments in Proof of Stake

    April 24, 202519 Views

    Bitcoin breaks $93,000 amid rumors that Saudi, UAE, or Qatar is buying

    April 23, 202510 Views
    © 2025 - 2026

    Type above and press Enter to search. Press Esc to cancel.