Bitcoin $87,160.49 priceIn the second half of March, the rise of up to 88 thousand 500 dollars carried the investor sensitivity to the “light greed” zone again. Crypto Money Market End of February and early March Bitcoin The price had fallen twice to $ 78,000, and had a serious fear. The latest price rise re -brought individual investors optimism. Significant mobility in price estimates on social media stands out. However, it is known that investors often make false predictions and prices often act in the opposite direction of expectations.
What does social media think about Bitcoin?
Social media Bitcoin estimatesreflects the general psychology of the market. In recent days, there is a significant increase in sharing on social media that the price of Bitcoin will be between 100 thousand and 159 thousand dollars. According to centimeter analysts, such excessive high price expectations often indicate market decrease. Because most of the investors think that the price will reach the summit, this brings the risk of “excessive optimism” and “profit purchases”.
On the other hand, there are periodic increases in low price forecasts between 10 thousand and 69 thousand dollars for Bitcoin. Historical data show that such estimates create a positive signal for rise. When the negative interpretations of investors such as Bitcoin “crypto died” or “Bitcoin a fraud” increases, the price usually rises by moving in the opposite direction.
How does the sensitivity cycle of investors affect the price?
Crypto Money MarketInvestors’ sensitivity has a great impact on price movements. According to the analysis of Santimement, the periods when investors are “greedy” are considered as good opportunities for profit sales. Excessive positive expectations of investors increase the risk of sudden decrease in the price. Bitcoin’s recent rise and re -defining of investors as “greedy, points to a period that should be careful in the market.
On the other hand, the periods in which investors are afraid of usually offer purchasing opportunities. When the price of Bitcoin decreases and the morale level of the investors declines, purchases often give more profitable results in the long term.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
