Crypto Sentiment Recovers to Levels Last Seen When Bitcoin Traded Above $100K
Crypto market sentiment is showing signs of recovery as Bitcoin holds above $90,000, despite remaining well below the six-figure level it last touched earlier this month.
Crypto Fear & Greed Index Shows Improving Sentiment
The Crypto Fear & Greed Index climbed to a reading of 25 (“Extreme Fear”) on Friday—an improvement of three points from the previous day and nearly 10 points higher than Nov. 13, the last time Bitcoin
BTC
$91,314
traded above $100,000 before slipping back below six figures.
Bitcoin is trading at $91,032, according to CoinMarketCap, with analysts debating how soon the market’s largest asset may reclaim the $100,000 mark.
Analysts Split on Whether Bitcoin Will Reclaim $100K Soon
Crypto analyst Ted said on X Thursday that if Bitcoin can reclaim $93,000–$94,000, then:
“I think $100,000 BTC could happen first before any downside.”
Market sentiment data also appears to support that possibility.
Blockchain analytics platform Santiment highlighted in a Wednesday report that rising bearish chatter across social media often precedes market reversals to the upside.
“Most major turnarounds occur when retail’s hope is mainly lost,” Santiment wrote. “Markets have historically moved in the opposite direction of the crowd’s expectations.”
Even long-time bulls are showing measured optimism.
Tom Lee, chair of BitMine and one of Bitcoin’s most bullish long-term commentators, appeared to soften his year-end target of $250,000, a forecast he has maintained throughout 2025.
Lee now says Bitcoin reclaiming $100,000 is likely, with a “maybe” for a new all-time high above $125,100.
Will December Break the Trend?
Crypto trader Jelle noted that many market participants were “caught off guard” by recent sudden declines following weeks of slow-bleed corrections.
December has historically been a moderate month for Bitcoin. According to CoinGlass data, Bitcoin has posted an average return of 4.75% in December since 2013.
However, with October and November—typically two of Bitcoin’s strongest months—failing to produce upside this year, traders are questioning whether December will follow historical norms or diverge like the rest of Q4.
See all our insights: Bitcoin World News
Disclaimer: The content on this website is for informational purposes only and does not constitute financial or investment advice. We do not endorse any project or product. Readers should conduct their own research and assume full responsibility for their decisions. We are not liable for any loss or damage arising from reliance on the information provided. Crypto investments carry risks.
