Analytics company Santiment reports that cryptocurrency sentiment has fallen to near-record low levels for 2021 — even as some experts are doubling down on $400,000 Bitcoins price target.
The crowd mood toward #Bitcoin and #Ethereum appears to have dropped to extreme negative territory after $BTC fell back under $60k & $ETH dipped back under $2k this week. Historically, buying during this level of #FUD & fear is a #bullish opportunity. https://t.co/u7LKbvoqSt pic.twitter.com/ZTxQFroEfM
— Santiment (@santimentfeed) April 7, 2021
But other analytics platforms show a less convincing shift with crypto predictive data platform Augmento seeing sentiment slide from 'bullish' to 'slightly bearish'. The Alternative Crypto Fear and Greed index meanwhile shows almost no change, with the counter still clearly sitting at greed
Alternative Fear & Greed Index. Source Alternative
Yesterdays sell-off, which saw the entire cryptocurrency market cap drop briefly below $1.8 trillion before stabilizing around $1.9 trillion, doesnt appear to bother seasoned analysts. Quantum Economics founder Mati Greenspan stated in his April 8
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