Bitcoin price 'explosive move' puts old $69K all-time high in sight
Bitcoin price continues "phenomenal retest"
Data from Cointelegraph Markets Pro and TradingView showed BTC price action spiking to new July highs over the weekend.
The largest cryptocurrency held onto its recovery in out-of-hours trading, this equaling 10.4% week-to-date and 6.6% for July at the time of writing, confirmed by monitoring resource CoinGlass.
Data from Cointelegraph Markets Pro and TradingView showed BTC price action spiking to new July highs over the weekend.
The largest cryptocurrency held onto its recovery in out-of-hours trading, this equaling 10.4% week-to-date and 6.6% for July at the time of writing, confirmed by monitoring resource CoinGlass.
![BTC/USD monthly returns (screenshot)](https://ussnsimg.moomoo.com/sns_client_feed/70042973/20240722/ef619e199c654b68b0596b645dad33d7.png/big?area=100&is_public=true)
Unsurprisingly, market participants showed no shortage of optimism as a result.
Crypto sentiment lurches toward "extreme greed"
In further evidence of the extent of the crypto recovery, sentiment reached its "greediest" in over a month, as measured by the Crypto Fear & Greed Index.
In further evidence of the extent of the crypto recovery, sentiment reached its "greediest" in over a month, as measured by the Crypto Fear & Greed Index.
The classic sentiment gauge, which uses a basket of factors to compute an aggregate mood score for crypto markets, stood just below "extreme greed" on the day at 74/100.
Just a week ago, the Index measured just 25/100, corresponding to the inverse scenario, "extreme fear," characterizing the average trader's market perspective.
Just a week ago, the Index measured just 25/100, corresponding to the inverse scenario, "extreme fear," characterizing the average trader's market perspective.
![Crypto Fear & Greed Index (screenshot)](https://ussnsimg.moomoo.com/sns_client_feed/70042973/20240722/996171ffca10495ebcbdfcdd731e4eb4.png/big?area=100&is_public=true)
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intellectual Sheep_2 : sell. don't spend $69k buy software okay. use abit of brain