bitcoin-price-expectations-from-crowd-may-be-a-bit-overstated
π£οΈ The narrative among Bitcoin discussions has switched from "wen bounce" to speculating how "low we can go". On this chart, high bars that are: π¦ = Mentions
Geen financieel advies. DYOR.
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π£οΈ The narrative among Bitcoin discussions has switched from "wen bounce" to speculating how "low we can go". On this chart, high bars that are:
π¦ = Mentions of 59K $BTC
π₯ = Mentions of 99K $BTC
π 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.
π§ Keep tabs on how X, Reddit, Telegram, 4Chan, Farcaster, & Bitcointalk are making price predictions on this handy Santiment chart, any time!
Not financial advice. DYOR.
