Bitcoin Reaches New All-Time High, but Sentiment Remains Surprisingly Muted

  • Bitcoin reaches an all-time high of $94,002, but social sentiment remains neutral.

  • Despite negative sentiment in the “Crowd Fearful Zone,” Bitcoin has historically seen price growth.

  • MACD indicates bullish solid momentum, but RSI suggests Bitcoin could face a correction soon.

Bitcoin hit a new all-time high of $94,002. But despite this milestone, reactions from social media and the crypto community remained surprisingly mute.

According to Santiment’s data, Bitcoin’s rise to new heights has not sparked the usual waves of euphoria often seen during price surges. The graph reveals that even with Bitcoin approaching $100,000, sentiment on social platforms stayed relatively neutral, with only occasional spikes in positivity.

Additionally, Bitcoin’s move into the “Neutral Zone” in sentiment analysis could mean lower volatility and steadier progress. Historically, neutral sentiment has often coincided with less accurate price predictions, making the market’s short-term outlook unpredictable.

“Crowd Fearful Zone” May Signal Positive Price Movement

Another interesting takeaway from the sentiment analysis is Bitcoin’s price behavior during “Crowd Fearfu…

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