A 'local top' and $88K retest? 5 things to know in Bitcoin this week

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Related: New Bitcoin price all-time highs could occur in May — Here is whyThe latest data from the Crypto Fear & Greed Index confirms a spike to 72/100 on April 25, implying that crypto market sentiment came close to “extreme greed.”Now back in “neutral” territory, the Index has nonetheless led research firm Santiment to warn of a potential local price top.

Crypto Fear & Greed Index (screenshot).Source: Alternative.me“Data shows a surge in optimism from the crowd as $BTC rebounded above $95K for the first time since February,” it told X followers. “As for the level of greed being measured across social media, this is the highest spike in bullish (vs.bearish) posts since the night Trump was elected on November 5, 2024.”Crypto market sentiment data.

Referencing FedWatch, Mosaic noted that “market-implied odds are starting to shift in favor of more rate cuts through year-end.”Crypto exec doubles down on $180K BTC price targetExisting macro data is already causing a stir for crypto market participants eyeing the long-term implications of current Fed policy.

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Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United StatesOman

Topics: Market Support Week Current Bitcoin Greed Volatility Index Data Crypto Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-28 @ 08:19:30 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 1265 words

Reading Time: 8 minutes read

Sentences: 41 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28243131

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 30 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #11

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