Pessimistic moods of traders began to prevail in the Bitcoin market, specialists of the analytical company Santiment said.

According to experts, uncertainty is enhanced in the market. Forecasts regarding the further price dynamics of the first cryptocurrency vary sharply.

“The traders changed the rhetoric, more and more waiting for the Bitcoin fall below $ 100,000, the broadcast is below $ 3,500, and other altcoins in the rollback phase. Since the market usually moves opposite to the crowd, these few weeks of fear, uncertainty and doubt – an encouraging signal that there really will not be the expected deep rollback, ”the analysts pointed out.

In their opinion, the key support level of $ 100,000 remains critical for the mood and actions of investors. Moreover, it is its preservation that can become the foundation for the subsequent restoration of quotations. Experts emphasize that in conditions of increased volatility, short -term bitcoin prices will be largely determined by the macroeconomic background, including the dynamics of interest rates and the situation in the stock markets.

If the support level is penetrated, the risks of in -depth correction will increase significantly, which can also exert pressure on the altcoin market. At the same time, the preserved institutional interest and the ongoing influx of capital on crypto funds can support the quotes of the first cryptocurrency and prevent a protracted decrease, analysts summed up.

Earlier, the creator and manager of the Alphraactal analytical platform, Jooo Wedson, said that Bitcoin had a month left before the beginning of the bear trend – the first cryptocurrency course can collapse up to $ 50,000.