Santiment analysts also focus on the very negative crowd sentiment regarding BTC. Theses from the latest analytics, supported by the chart:
- Crowd sentiment towards#BTCis now at an official yearly low, increasing the likelihood of a rebound.
- BTC sentiment was this low exactly a year ago when bearish rumors were spreading.
What was in this situation a year ago? Long lateral movement, lack of narratives for growth, fake or far-fetched negatives. The apotheosis of which was a dump in August on two fake news from SpaceX and Evergrande from TOP media.
The situation schematically (both in terms of schedule and news background) is extremely similar to the current one. And the only question is whether there will be another dump. Or the decline in sales in Germany and distribution from MtGox was that “another dump”.
The answer to this question will probably be given by the ability or inability of BTC buyers to break through the EMA of the 200 day time frame in the coming days.
