Bitcoin $100k FOMO Returns: Santiment Warns It Could Be a Bull Trap
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- Bitcoin price stalls in $79k-$84k range amid tariff uncertainty, awaits catalyst
- Santiment: Retail FOMO on BTC surges often precedes price drops (contrarian signal)
- Key levels: BTC needs to hold ~$79k support or break ~$84k resistance for direction
Bitcoin’s price action has been subdued lately, more like an idling engine than a roaring bull run. Trading largely between $83,000 and $84,000, the crypto market awaits its next major catalyst for direction. Adding to the current uncertainty is the impact of new US tariffs, to take effect April 2nd, which Trump hailed as the “Liberation Day.”
While underlying fundamentals for crypto may look promising long-term (citing factors like growing adoption and technological advancements), these short-term concerns make investors uneasy. So the big question is how will these tariffs impact Bitcoin and the broader market.
Market sentiment seems to reflect this indecision, appearing stuck in a holding pattern while awaiting clarity.
Some experts believe that once the dust settles post-April 2nd, the selling pressure could ease, offering a clearer picture for investors. Interestingly, instead of a breakdown, there’…
The post Bitcoin $100k FOMO Returns: Santiment Warns It Could Be a Bull Trap appeared first on Coin Edition.
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