Investor Greed at Highest Level Since 2021 As Bitcoin Rallies 28%
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Crypto Fear & Greed Index hits highest level since November 2021, indicating investor greed.
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Index uses metrics like momentum and volatility to measure market sentiment. Higher scores show more confidence in bitcoin.
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Traders prefer buying bitcoin when index shows extreme fear, and caution when it signals greed.
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Bitcoin has gained 28% in past 2 weeks amid speculation over spot ETF approval.
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Bitcoin's Relative Strength Index (RSI) shows overbought conditions, suggesting potential for bull breather.