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Author: Admin | 2025-04-28
+ sentimentAnother aspect that plays an important role is the importance of the $100,000 level.It’s a psychologically very, very important level.In fact, the $100k level is the point from where accelerated moves start, in both directions.What was really concerning? The overly bullish sentiment of investors.As we run a crypto research service, the first in the world of its kind since 2017, connected to hundreds of investors worldwide, we have a good handle on sentiment. We observed overly bullish sentiment, a disbelief that our prediction of a local top would come true. It’s the ultimate contrarian confirmation that even our readers doubt our not-so-bullish prediction.Both points combined were concerning to us, when plotting this to the chart we found enough evidence to call for a BTC price drop – which materialized on Jan 7th, 2025.What’s next for Bitcoin?While it insightful to understand what happened in the past (“Bitcoin price dropping – what happened“), it is more important to understand what it means for the future.What’s next for Bitcoin?Frankly, we believe it will be choppy for BTC and crypto markets, but are hopeful that February 5th, 2025, might bring the desired change for crypto investors.
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