BTC surged 5.9% in 24 hours as institutional buying returned. Fear & Greed Index in Extreme Fear — historically a contrarian opportunity.
Bitcoin breached the $71,000 mark on May 30, rising 5.9% over 24 hours on heavy institutional buying. Spot Bitcoin ETF inflows hit $400M in a single day — the highest since April. Despite the rally, the Crypto Fear & Greed Index remained in 'Extreme Fear' territory at 24, which historically has been a contrarian buy signal. Key resistance stands at $73,500 (the previous ATH zone). RSI on the daily chart is approaching overbought at 68. For long-term holders, this dip-and-recover pattern mirrors May 2023. Stay cautious on leverage; the weekly close above $70K is the key confirmation level.