The prices of Bitcoin, Ether, and XRP have risen, pushing market sentiment to a "greed" level.

The sentiment in the cryptocurrency investor community has turned positive once again, after a top coin recorded a slight tăng giá in the past 24 hours.

The Fear & Greed Index in the cryptocurrency market has risen to a "Greed" level on Thursday, reaching 62 out of 100, recovering from the "Neutral" state of the previous day. This change comes after several days of significant volatility, as Bitcoin dropped to 112,000 USD over the weekend, just a few weeks after reaching an all-time high of 123,100 USD in mid-July.

Bullish sentiment indicates the market expects stability

The return of the "Fear and Greed" index coincides with Bitcoin gaining 1% in the past 24 hours, trading at 114,763 USD.

BTC price chart | Source: Bitcoin MagazineThis slight bullish increase, along with the improvement in market sentiment, indicates that investors are viewing this modest rise as a sign of stability in the near future. At the same time, the on-chain analytics firm Glassnode reported on Wednesday that profit-taking activity among the short-term holder group — those holding for less than 155 days — has "cooled off."

The broader cryptocurrency market is also experiencing an upward trend. Ether recorded a 2.37% increase in the last 24 hours, trading at $3,664 at the time of publication. XRP also rose by 2.14%, reaching $2.97, while Solana increased by 3.26%, trading at $167.38.

Analysts Predict Bitcoin Will Break Out Bullishly

This increase in sentiment is reflected in the comments of analysts on Thursday. Michael van de Poppe, the founder of MN Trading Capital, shared on X that "Bitcoin has returned to resistance levels and is consolidating here. This test is likely to lead to a positive breakout."

The cryptocurrency trader Galaxy stated that the last time Bitcoin experienced similar volatility was in November, before it rose from around $70,000 to $100,000 on December 5th during a month-long bullish trend following Donald Trump's victory in the U.S. presidential election.

Trader Ted predicts that Bitcoin could soon reach a new high of 125,000 USD, while noting that this will trigger about 18 billion USD in liquidations.

Mr. Giáo