The post Bitcoin Price’s Bullish Pullback to End Soon, Says Analyst appeared on BitcoinEthereumNews.com.

Bitcoin price fluctuations create market uncertainty, but investors detect hopeful signs in current market movements. The market sentiment continues to rise while fear diminishes, and predictions about a significant price rally start to spread. The Advanced Sentiment Index currently stands at 55.3%. It indicates a market breakout might be imminent according to historical market cycles. BTC Sentiment Recovers Above 55.3% as Bitcoin Price Rebounds from Recent Lows The Bitcoin Advanced Sentiment Index reached 55.3% on March 6, 2025, which indicates a positive market outlook. The index reached bearish levels under 40% during late February. However, the market sentiment reached 80% in early February when Bitcoin maintained a value above $96,000 but quickly declined afterward. During late February, the market reached its lowest point when sentiment fell beneath 20% as the price dropped below $80,000. Bitcoin: Advanced Sentiment Index | Source: CryptoQuant Bitcoin has recovered strongly since its dip, and its price has surpassed $90,000 while approaching $96,000. The market sentiment has shifted from its extreme bearish phase to 55.3%. That indicates traders develop increasingly positive market perspectives according to historical price data, demonstrating positive sentiment when readings exceed 50%. Recovery signals are present through the increasing price trend, though it has not yet reached the previous 80% peak level. Bitcoin has the potential to rise further, but its recovery process remains cautious as sentiment stays above 55.3%. Bitcoin Fear & Greed Index Plunges to 15 as Price Drops to $87K The Fear & Greed Index for Bitcoin reached its historic low point of 15 on March 4, 2025, when Bitcoin traded at $87,322.74. The Fear & Greed Index measures investor sentiment, and it reached its peak of 70 approximately two months ago when Bitcoin reached its $100,000 price point in January. During February, the market sentiment deteriorated. It caused Bitcoin’s price…

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Filed under: News - @ March 8, 2025 5:17 am