Source: TheMerkle.com
Bitcoin ($BTC) has made a strong start to the week, touching a high of $99.8K. However, the cryptocurrency market’s current sentiment seems to indicate that many traders are holding out for even higher prices.
A surge in mentions of $110K+ Bitcoin just two weeks ago suggests that expectations are still set on reaching those levels before major enthusiasm sets in.
📈 Bitcoin has scratched its way back to a high of $99.8K to kick off the new week. However, based on the huge spike in mentions of $110K+ BTC from 2 weeks ago, it appears traders are still awaiting much higher prices before getting too excited.
Crypto prices nearly always move… pic.twitter.com/1VjfJxTVb9
— Santiment (@santimentfeed) January 6, 2025
Market Sentiment: A Contrarian Approach
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Read More https://themerkle.com/bitcoin-nears-potential-bear-market-key-signals-and-investor-movements/
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Source: TheMerkle.com
