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

By: cryptosheadlines|2025/05/09 23:00:11

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com 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, 2025Meanwhile, 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 analysisBTC price chart | Source: crypto.newsThe 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

This uproar in the crypto circle appears to be a cultural conflict between a traditional economist and a crypto OG, but looking deeper, it is merely the new fire leveraging Fu Peng's influence in the traditional financial sector to pry open a batch of client funds that were originally difficult to r...

Why Private Credit Became the First True Bridge from TradFi to DeFi

Unveiling the core logic of private credit leading RWA: it is no longer just simple tokenization, but rather a true reshaping of the practical value of asset on-chain through real returns and deep integration with the DeFi ecosystem.

Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital

Stablecoins are the first real-world assets on the blockchain, but they will not be the last. Every billion dollars in stablecoins generates $12.2 billion in economic activity and $19 million in protocol revenue annually; once capital is on the blockchain, it gains productivity and does not go back.

When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products

Say goodbye to complex contracts, as crypto derivatives begin to "subtract": This article breaks down how Hyper Trade reduces hardcore risk pricing into "second-level multiple-choice questions," reshaping the trading experience for retail investors.

My view on blockchain has changed

In-depth Reflection on the Value of Blockchain Applications and the Time Dimension

Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?

Why can't AI agents just swipe bank cards? An article to understand the new tiered payment system: stablecoins and blockchain are becoming the exclusive settlement language and verifiable trust foundation of the "machine economy" era.

ENI's RWA ambition: to create an enterprise-level BaaS platform that allows Web2 institutions to "go beyond just asset on-chain."

What are the differences between RWA 1.0 and RWA 2.0?