Santiment Doesn't Believe Bitcoin Will Continue to Rise
On the one hand, experts note the increase in the fear and greed indicator, which recently reached 63 and thus ended up in the greed zone. As long as the index exceeds 60, there is a high probability of a correction in the Bitcoin market, because it is in an overbought state. On the other hand, experts have recorded bullish sentiments dominating among cryptocurrency traders. According to their data, for every negative message there are 1.8 positive ones. And historical data suggests that the BTC price usually changes in the opposite direction from the expectations of the crypto community members. That is, the bullish rally will begin when investors are despondent, and not predicting a bright future for Bitcoin.