Bitcoin Price Expectations From Crowd May Be a Bit Overstated?
🗣️ The narrative among Bitcoin discussions has switched from "wen bounce" to speculating how "low we can go". On this chart, high bars that are: 🟦 = Mentions
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🗣️ The narrative among Bitcoin discussions has switched from "wen bounce" to speculating how "low we can go". On this chart, high bars that are:
🟦 = Mentions of 59K $BTC
🟥 = Mentions of 99K $BTC
📊 When higher prices are mentioned, it's a sign of greed. When lower prices are mentioned, it's a sign of fear. Markets move opposite to what the crowd expects, meaning there can at least be founded arguments for a short-term relief rally while retail is already assuming sub-$60K Bitcoin is a foregone conclusion.
🧐 Keep tabs on how X, Reddit, Telegram, 4Chan, Farcaster, & Bitcointalk are making price predictions on this handy Santiment chart, any time!
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