All articles tagged with #crypto sentiment
Bitcoin faces significant pressure around the $100K level due to a massive $1 billion liquidation event driven by political tensions between Musk and Trump, with market sentiment turning more fearful. Despite a quick recovery, the market remains fragile, balancing between strategic liquidity resets and genuine confidence loss, with potential risks of further declines if macroeconomic factors worsen.
Bitcoin could potentially rally 20% to around $35,000 - $36,000, according to a research report by crypto-services provider Matrixport. The report suggests that Bitcoin has been trading in a narrowing wedge that is about to be broken to the upside, projecting a move higher by an amount equal to when the wedge started to be formed. Despite declining trading volumes, the report notes that transactions on the Bitcoin network have reached new all-time highs, and crypto sentiment has improved with meme coins being actively traded.