Bitcoin has set a new all-time high, surpassing $93,000, following a brief pause in its bull run. This surge has resulted in a weekly gain of over 24% for the cryptocurrency.
Similar profits have been observed in Ethereum, while Dogecoin has outperformed with a notable 120% increase. This market optimism is reflected in the Bitcoin Fear & Greed Index, now showing a value of 84, indicating extreme greed among investors.
Historically, when this index reaches such extremes, a price reversal often follows, suggesting Bitcoin could be overheating. However, previous bull markets have shown that the cryptocurrency can remain in this zone before reaching cyclical tops, implying further room for growth.
