Editor's PiCK
[Analysis] "Bitcoin, Moving Contrary to Investor Confidence"
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- Analysts have stated that the recent price changes of Bitcoin (BTC) are moving contrary to market expectations.
- Bitcoin's price recorded a dramatic rise after a sharp decline, but then fell again.
- Investors are urged to take advantage of such changes as investment opportunities by countering opinions in social media.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The sharp decline of Bitcoin (BTC) has intensified, with analysis indicating that Bitcoin's price is moving completely contrary to market expectations.
On the 25th (local time), the asset analysis company Santiment stated via X (Twitter) that "Bitcoin's price is moving contrary to the belief of many investors."
Specifically, Santiment explained, "When Bitcoin hit a peak of $92,000 on the 13th, a large amount of selling pressure emerged, and skepticism was prevalent in the market. However, after this, Bitcoin recorded a rapid rise to $99,000. Conversely, when Bitcoin hit $99,500, most expected it to reach $100,000, but it then declined."
Furthermore, Santiment urged, "Traders should actively counter their opinions in social media and invest accordingly."
As of 7:59 AM on the 26th (Korean time), Bitcoin is trading at $94,332, down 3.78% compared to the previous day, based on CoinMarketCap.
