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Negative Market Sentiment Dominates As Bitcoin Retests Support At $10,600
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
Tags: Augmento,Bitcoin,BTC
Link: Negative Market Sentiment Dominates As Bitcoin Retests Support At $10,600 [Copy]
