Crypto market ‘isn’t scared enough’ to call a bottom yet: Santiment — TradingView News
Crypto traders have not yet shown enough fear on social media to confirm a market bottom, according to a crypto analyst who suggested Bitcoin could still slide to around $75,000.
“It looks very tempting to come even closer to it,” crypto market sentiment platform Santiment founder, Maksim Balashevich, said on a video published to YouTube on Friday.
A move to that level would represent an approximate 14.77% drop from Bitcoin’s (BTC) current price of $88,350, according to CoinMarketCap.
Balashevich explained that his hesitation comes from observing significant optimism online that the downtrend will reverse in the near term, which he said is not usually the case when a true market bottom is forming.
“The crowd isn’t scared enough…
