#BNBATH880 Ultra bearish sentiment in Bitcoin: is it a buying signal for the bold?$BTC
#FOMCMinutes Bitcoin recently plummeted below $113,000, causing a shock in the markets. This drop of more than 8% from its peak of $124,000 unleashed a wave of pessimism among retail investors. But after this apparent panic, some analysts see a contrarian signal that could herald a trend change.
💥In summary.
🔸Bitcoin falls to $113,000, causing panic among retail investors despite solid fundamentals.
🔸Institutions like Strategy are buying bitcoins en masse, suggesting a contrarian strategy against the ultra bearish retail sentiment.
🔸Technical indicators and the emotional context point to a possible Bitcoin bearish trap, indicating a rebound rather than a sustained bear market.
