Bitcoin Price Over $94K Sends Crypto Sentiment Gauge Firmly Into ‘Greed’

• Fear & Greed Index spikes 25 points in 24 hours, hits 72 (Greed)
• Bitcoin crosses $94K amid renewed institutional and retail demand
• Analysts warn of potential pullbacks as the market enters emotional territory

Bitcoin’s bullish momentum is back on the charts as the Crypto Fear & Greed Index surging to 72 (“Greed”) on April 23rd. This marks a sharp sentiment turnaround from neutral (47) just yesterday and deep fear (29) only a week ago. 

The climb coincides with BTC pushing past $94,000, signaling rising confidence, yet sparking rally-versus-correction debates.

Fundamentals vs. Froth: Justifying the “Greed”?

The index, created by Alternative.me, measures market emotion by factoring in volatility, trading volume, social sentiment, dominance, and Google Trends. A score above 70 is considered “Greed,” signifying overbought conditions and potential for a near-term pullback.

However, bulls argue that strong fundamentals, such as healthy ETF inflows, declining exchange reserves, and macroeconomic headwinds like rising inflation, are fueling the optimism.

Related: Bitcoin Flexes its Muscle to Clear Key Resistance Zone, Eyes $100K as Momentum Builds

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