Bitcoin sentiment split as crypto market trades sideways
Sentiment toward Bitcoin
$103,165
is at a near-even split between those who are bullish and bearish, and attitudes toward the cryptocurrency are at a low last seen in April when Donald Trump’s global tariffs tanked global markets, according to Santiment.
Santiment marketing director Brian Quinlivan said on Thursday a social media analysis found that “there are just 1.03 bullish comments for every 1 bearish comment, which hasn’t happened since peak FUD [fear, uncertainty and doubt] during initial tariff reactions on April 6.”
He said, however, that it’s “typically a bullish sign” as markets “historically move in the opposite direction of retail’s expectations.”
Meanwhile, a poll on X by crypto analyst Matthew Hyland on Thursday found a near-even split between those who think Bitcoin will surge to an all-time high above $114,000 or again drop to $94,000.
Bitcoin has traded flat at around $104,500 over the past week, and was up just 0.2% over the last seven days as of early Friday.#SwingTradingStrategy #XSuperApp #PowellRemarks #CryptoStocks #MyTradingStyle