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Coin Edition 2024-12-22 09:00:47

Bitcoin FUD Hits Highest Point of the Year: What Does This Mean BTC Bull Run?

Bitcoin FUD Hits Highest Point of the Year: What Does This Mean BTC Bull Run?

Bitcoin drops to $95K, facing renewed market uncertainty after failing to reclaim $100K. Social media sentiment shows a surge in FUD, with negative comments outweighing positive ones. Historical patterns indicate that extreme pessimism could signal a potential bullish reversal for Bitcoin. In the last 24 hours, after coming close to reclaiming the $100K level once again, the price of Bitcoin plummeted to $95K. The initial recovery toward the six-figure level came after a crash to $92K last week. However, the recovery rally failed to sustain as the market is tanking again. Bitcoin FUD Now at Historic Levels Meanwhile, Bitcoin’s recent price slump has triggered a wave of fear, uncertainty, and doubt (FUD) among traders, reaching the highest levels of negativity recorded this year. According to a report from market intelligence platform Santiment, social media sentiment metrics now reveal a striking imbalance between negative and positive commentary, which could signal a more sustainable rebound for the cryptocurrency. Santiment’s data shows that for every four positive comments about Bitcoin, there are five negative ones—a stark indicator of m… The post Bitcoin FUD Hits Highest Point of the Year: What Does This Mean BTC Bull Run? appeared first on Coin Edition .

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