#BTCBreaks99K

The Fear and Greed Index in the cryptocurrency market has been in the greed zone for the second day in a row, rising from a level of 59 to 67 out of 100 in the last 24 hours. This indicates that market participants are increasingly buying cryptocurrencies. Earlier this week, the Chief Investment Officer of Bitwise, Matt Hougan, stated that if the US Congress does not pass at least one of the laws regarding the regulation of the crypto market, the crypto industry may face a 'challenging summer'.

According to traders, the nearest short-term target for Bitcoin is the psychologically important price level of $100,000. After trading and consolidating at this level, the first cryptocurrency may rise above the January high of $110,000, after which there will be growth to $120,000. 🤔🔥