Crypto market sentiment is starting to show signs of improvement, as Bitcoin, 000 is above 90,000, a much stronger market sentiment than earlier this month when Bitcoin, 000 was trading above 100,000.

Crypto fear and greed Indexwhich measures overall crypto sentiment, posted an “extreme fear” reading of 25 on Friday, up three points from the previous day and 10 points higher than Nov. 13, the last time bitcoin (BTC) traded above 100,000, before falling below six figures.

Bitcoin, at the time of publication, is trading at 91,032, According to Coinmarket cap, with crypto analysts debating how soon Bitcoin can claim 100,000.

Crypto sentiment looks at recent volatility

Cryptoanalyst Ted said In an X post on Thursday, if Bitcoin claims ,000 93,000 or ,000 94,000, “I think, 000 100,000 BTC could be first before any decline.”

Meanwhile, crypto sentiment platform Sentiment said A recent surge in bearish sentiment on social media has signaled historically positive momentum for the crypto market, a report on Wednesday said.

“The most significant change is when the hope for retail is essentially gone,” Sentiment said. “Markets have historically moved in the opposite direction of the crowd’s expectations.”

Even some prominent, usually bullish, crypto executives are beginning to temper their outlook on the current market. On Thursday, Bitcoin Chairman Tom Lee appeared to downplay his bullish prediction that bitcoin would reach $250,000 by the end of the year, which he has advanced for most of the year.