Bitcoin's Fear and Greed Index Observes a 30-Day Golden Cross

In the past month, Bitcoin (BTC) has experienced a slight price restoration, climbing back over the $90,000 mark after struggling below it for weeks. This shift is reflected in the 30-day Moving Average (MA) of the Fear & Greed Index, which recently surpassed the 90-day MA - an event known as a Golden Cross. This typically implies a bullish trend in BTC's recent price movement. However, on-chain analyst MorenoDV suggests the market remains "skeptical", indicating such Golden Crosses often occur after periods of market fear. Despite a 2% drop in the past 24 hours, BTC is currently trading at $91,200, and the recent Golden Cross could potentially trigger bullish streaks, depending on market conditions.