Today, bitcoin broke above $22,300, but at the same time, the immediate outlook for the top cryptocurrency is still skeptical for most traders.
At the end of the week, the Crypto Fear & Greed Index rose to 20, but it is still in the extreme fear zone. In other words, for the time being, investors are not ruling out a new rollback phase.
The Crypto Fear & Greed Index has been in this zone for 2 months. During this time, he changed a bit, but there was no radical improvement in his mood. This week the indicator fell to 11.
If bitcoin can show further growth in the near future, then the situation may improve, experts say.
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Source: IXBT
