📈 Bitcoin Will Recovery above $100K? Experts Weigh In
Bitcoin sentiment among traders has hit its lowest level in a year, sparking predictions of a price rebound above $100,000, according to Santiment.
🔍 Key insights:
▪️Following a 10% drop from the ATH of $108,300, the ratio of positive to negative posts about Bitcoin stands at 4:5.
▪️Analysts suggest heightened FUD (fear, uncertainty, doubt) among traders often signals market moves against expectations — a potential recovery is on the horizon.
📊 Historical parallels:
Analyst Elja Boom highlighted similarities between Bitcoin’s current daily chart and its dynamics during the 2016 U.S. election, before Trump’s victory.
- he noted, hinting at a possible bullish outcome. 🚀
💰 Crypto life academy | Business Tips 🔻 Goals🔺 | Crypto 🛒
Bitcoin sentiment among traders has hit its lowest level in a year, sparking predictions of a price rebound above $100,000, according to Santiment.
🔍 Key insights:
▪️Following a 10% drop from the ATH of $108,300, the ratio of positive to negative posts about Bitcoin stands at 4:5.
▪️Analysts suggest heightened FUD (fear, uncertainty, doubt) among traders often signals market moves against expectations — a potential recovery is on the horizon.
📊 Historical parallels:
Analyst Elja Boom highlighted similarities between Bitcoin’s current daily chart and its dynamics during the 2016 U.S. election, before Trump’s victory.
“We have seen this before 👀 ”
- he noted, hinting at a possible bullish outcome. 🚀
💰 Crypto life academy | Business Tips 🔻 Goals🔺 | Crypto 🛒