Bitcoin is on a roller coaster ride again! 🎢 After reaching $66,500, BTC suddenly fell below $64,000. According to Santiment, the reason may be excessive investor optimism. There are currently 1.8 bullish posts for every bearish one. Historically, the market moves in the opposite direction from the crowd's expectations.

Santiment believes that Bitcoin can reach $70,000 if investor expectations are reduced. For now, BTC is trading at $63,500. The upcoming speech by Fed Chairman Jerome Powell may also have an impact.