Bitcoin Eyes $110K as Crypto Greed Index Flips Bullish—Time to Ride the Wave or Brace for the Dip?

Crypto traders are dusting off their moon memes as Bitcoin’s fear and greed index swings into greed territory. The $110K price target—once a pipe dream—now looks tantalizingly within reach. But before you mortgage your dog for more BTC, remember: Wall Street sharks are already circling this rally.

Market psychology shifts faster than a DeFi exploit. Today’s greed could be tomorrow’s panic sell—ask anyone who bought the 2021 top. Still, the charts don’t lie: Bitcoin’s breaking key resistance levels while institutional money floods in. This isn’t 2017’s retail-driven mania anymore.

Will $110K happen? Probably. Will it stick? That’s where the ’financial advisors’ who called Bitcoin dead at $20K start hedging. One thing’s certain: when crypto gets this cocky, either Lambos or liquidations follow. Place your bets.

Bitcoin price technical analysis

The weekly chart shows that BTC bottomed at $79,510 in April and has now posted five consecutive weeks of gains. It remains above the 100-week Weighted Moving Average, a sign that bulls continue to dominate the market.

Bitcoin now appears poised to retest its all-time high at $109,400. With both the Relative Strength Index (RSI) and the MACD trending upward, momentum favors the bulls.

A breakout above that level would confirm bullish continuation and potentially propel BTC toward the next psychological milestone at $110,000.