BTCUSDF2025: +0.43% | BTCGBP: +1.07% | BTCEUR: +1.21%
Summary:
Bitcoin’s price nosedived 15% last week, marking its steepest drop since Trump’s win. The intense Fear, Uncertainty, and Doubt (FUD) sweeping the market might paradoxically hint at an imminent recovery.
From All-Time High to Correction:
Bitcoin soared to a historic high of over $108,000 just days ago, propelled by post-Trump victory momentum that delivered a 60% increase. However, Federal Reserve Chair Jerome Powell’s hawkish stance on interest rates for 2025 triggered a sharp correction. BTC plummeted to $92,000 before rebounding slightly, now hovering near $95,000 but lacking the strong recovery seen in prior dips.
Sentiment Turns Negative:
Crypto analytics firm Santiment reported a dramatic downturn in investor sentiment, plunging to its most negative statistical level of the year. Historically, Bitcoin’s price often defies crowd expectations, suggesting a contrarian opportunity for recovery.
BREAKING: Crypto’s latest dip sends Bitcoin’s crowd sentiment to its lowest point this year. Traders are in severe FUD, which often precedes price reversals.
Potential Buy Signal Spotted:
According to crypto analyst Ali Martinez, the TD Sequential indicator on Bitcoin’s 4-hour chart signals a possible rebound. This tool, which identifies trend exhaustion, suggests BTC might soon reverse its downward trajectory.
Martinez highlighted a critical support zone between $97,041 and $93,806. BTC briefly slipped below this range but managed to bounce back. Should this area hold, a rally could ensue. Conversely, failure to maintain support might lead to a dramatic drop toward $70,000 due to minimal underlying support.
The key Bitcoin support lies between $97,041 and $93,806. A break below risks a drop to $70,085.
