Bitcoin: Hits $77K Amid Bearish Sentiment
Bitcoin surpasses $77K for first time in 11 weeks, yet sentiment stays low with 3 bearish comments per 2 bullish, boosting rally odds to $90K+ amid war fatigue.
SourceBitcoin just punched through $77K today—its first time in 11 weeks—but retail sentiment craters with three bearish comments for every two bullish ones, per Santiment data. Traders blame fatigue from the ongoing war and unreliable ceasefire announcements, including Trump's latest, which sparked an end-of-week rally yet leaves investors skeptical. This FUD and profit-taking setup screams contrarian opportunity: markets love defying the crowd, so while many peg a BTC top at $84K, expect a surge past that to $90K+, especially if the war winds down, S&P 500 climbs, or the Clarity Act passes. Track Bitcoin sentiment analysis and avoid herd mentality in this volatile crypto market rally.
As a senior macro-crypto prop trader, I'm eyeing strong confluence on the 4-hour BTC chart where price at $77299.19 tests upper volatility resistance near $76988.17, backed by a bullish trend with the 50-EMA at $73491.48 acting as solid support above the 200-EMA at $70872.68. MACD's golden cross at 931.1 signals sustained momentum, but RSI at 69.03 edges neutral, hinting at potential exhaustion—look for a quick pullback to that 50-EMA before resuming the push, aligning perfectly with low sentiment driving BTC price prediction higher against retail doubt.
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