Crypto Market Gripped by Extreme Greed as Bitcoin Index Peaks

Bitcoin's Fear and Greed Index has reached a 4.5-year high of 94, indicating 'extreme greed' similar to levels seen in 2020, which preceded a significant price pullback. The market is optimistic about Bitcoin surpassing $100K, with prediction markets giving it an 81% chance of reaching this milestone by year-end. Analysts are divided on future price targets, with some projecting highs of $180K due to favorable regulatory conditions, while others suggest more conservative estimates. The current trend raises questions about whether Bitcoin will follow a similar pattern to 2020-2021.