Bitcoin

<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/investor-sentiment-turns-bearish-expect-a-bitcoin-buying-opportunity-between-27k-and-29k/">Investor Sentiment Turns Bearish; Expect a Bitcoin Buying Opportunity Between $27K and $29K</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The bearish influence does not appear to have waned yet, as the minor upswing has made the upcoming price action, pretty vague. Ever since the beginning of the 2022 bear market, investors have been under huge FUD. However, in times of bullish breakouts, these sentiments tend to change, but only for a short time frame. During the last breakout, the BTC price soared beyond $30,000, but the market sentiments continued to remain bearish.&nbsp;</p> 
<p>The market participants, now, appear to have become well-versed with the ongoing trend and hence believe the BTC price may surely drop after consolidating for a while. As per the data from a well-known on-chain platform, Santiment, the traders now look out for better buying opportunities and expect a drop from $27,000 to $29,000 in the coming days.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f628.png" alt="😨" class="wp-smiley" style="height: 1em; max-height: 1em;"> After <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> markets topped out last Friday, traders came into the start of the week with expecting that prices would continue to retrace &amp; provide opportunities to buy in the $27k-$29k level. High <a href="https://twitter.com/hashtag/bearish?src=hash&amp;ref_src=twsrc%5Etfw">#bearish</a> sentiment increases further rise probability. <a href="https://t.co/bEkYCdNqVH">https://t.co/bEkYCdNqVH</a> <a href="https://t.co/PxJQBTN1Us">pic.twitter.com/PxJQBTN1Us</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1673511851165122560?ref_src=twsrc%5Etfw">June 27, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The above charts display the social volume which is nothing but the search volume of Bitcoin with specific queries. While the searches regarding buying bitcoin, or bottom or bought or bullish etc have slumped significantly, the searches for sell or selling or sold or bearish is making new highs. Therefore, now that market sentiment has turned bearish, more chances of a bearish pullback can be expected.</p> 
<p>Besides, a couple of analysts still believe the current rise is nothing but the biggest bull trap of the year and that the BTC price may surely drop below $25,000 initially and continue plunging until it reaches $20,000 or below. Therefore, from this it can be analysed that the bearish market has not yet finished as the final nail in the coffin is yet to be ramped.</p>

Investor Sentiment Turns Bearish; Expect a Bitcoin Buying Opportunity Between $27K and $29K

CoinPedia News

2023년 6월 27일에 게재된 다른 기사

Riot Platforms Boosts Mining Power with $162.9M Bitcoin Miner Purchase

Crypto Analyst Van De Poppe Gives Bullish Forecasts for Litecoin, XRP, and Memecoin Pepe

Move-to-Earn App Sweat Economy Appoints New Chief Walking Officer (CWO)

PUBLISH to Showcase Web 3.0 Solution at the 74th World News Media Congress

Analyzing The Impact Of ARB Integration On Uwerx And GRT

Mastering the Art of Crypto Investing: Expert Tips for Success in the Digital Frontier

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!