Santiment: Trader Sentiment Shifts in the Bitcoin Market

According to Santiment analysts, uncertainty is growing in the market, and forecasts for Bitcoin’s future price movement are diverging sharply.

Traders have changed their rhetoric, increasingly expecting Bitcoin to fall below $100,000, Ethereum below $3,500, and other altcoins to enter a correction phase.

“Since markets typically move opposite to the crowd, these weeks of fear, uncertainty, and doubt could actually be a positive signal that a deep correction may not occur,” analysts noted.

They emphasized that the $100,000 level remains a critical support zone influencing investor sentiment and behavior. Holding this level could provide the foundation for a potential price recovery.

Amid heightened volatility, short-term Bitcoin price movements are likely to be driven largely by macroeconomic factors, including interest rate trends and developments in equity markets.

If the support level is broken, the risk of a deeper correction will increase significantly, potentially putting pressure on the broader altcoin market.

However, sustained institutional interest and continued capital inflows into crypto funds may support Bitcoin’s price and prevent a prolonged downturn.

Previously, Alphractal founder and CEO Joao Wedson stated that Bitcoin has about one month left before entering a bearish trend, with the price potentially dropping to $50,000.