Express

Negative Market Sentiment Dominates As Bitcoin Retests Support At $10,600

Emily Mason

Summary: Negative sentiment is clouding Bitcoin's price action as the currency retests its support at $10,600. Data company Augmento's Bitcoin sentiment tracker which analyzes conversations across Twitter, Reddit and Bitcointalk currently stands at 0.334, indicating many expect for Bitcoin's price to decline. A popular crypto commentator noted the negative sentiment adding that there is neutral or ...

Negative sentiment is clouding Bitcoin's price action as the currency retests its support at $10,600.

Data company Augmento's Bitcoin sentiment tracker which analyzes conversations across Twitter, Reddit and Bitcointalk currently stands at 0.334, indicating many expect for Bitcoin's price to decline.

A popular crypto commentator noted the negative sentiment adding that there is neutral or negative funding above $10,000. Despite this, he stated to followers in a tweet that he could see markets rally off the bearish sentiment beyond current highs.

He added that if the $10,600 level can hold through the week it could be a strong signal for BTC and advised people keep an eye on weekly and monthly closes. 

By Emily Mason

Last Update:

Tags: ,,
Link: Negative Market Sentiment Dominates As Bitcoin Retests Support At $10,600   [Copy]
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 21 hours ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 4 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 5 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 8 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 9 days ago
  • You need to login to comment.