Bitcoin Sentiment Index Hits Highest Level Since Mid-2025

Bitcoin's sentiment index has reached its highest level since mid-2025, according to recent data. This surge in sentiment is attributed to the CFAG index and BTC option skew, as analyzed by André Dragosch. The current price of $71,771.18 tests the upper Bollinger resistance at $70,960.45.

The Relative Strength Index (RSI) has reached 88.96, indicating overbought territory. Meanwhile, the MACD holds a bullish golden cross, and the EMA50 support sits at $65,104.65. A retracement towards this level appears probable before any continuation higher.