Bitcoin Hits $92K Again – Why Is Sentiment Still Bearish?

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Bitcoin has now climbed around 16% after falling below $79,000 on Feb. 28, but fearful sentiment and uncertain market participants cast doubt over where to next.

The price of Bitcoin has just recovered back over $92,000 after several days of turbulence, though a crypto market sentiment tracker shows investors are still cautious. 

Bitcoin is trading at $92,170, having jumped 5.7% over the past 24 hours, according to CoinMarketCap data. Despite Bitcoin's price spike, the Crypto Fear & Greed Index, which tracks overall market sentiment, remains in “Extreme Fear” at a score of 25, having risen just 5 points during the same period.


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