Analysts split as Bitcoin sentiment hits lows

[cryptoenthusiast]

Analysts remain divided on Bitcoin’s outlook as sentiment weakens across the crypto market, even while prices show signs of stabilization.

Global macro researcher Nik Bhatia said declining enthusiasm for Bitcoin may be partly driven by strong rallies in precious metals, leaving crypto sidelined. He compared current sentiment to post-FTX lows, describing the environment as one where fear dominates despite a bullish long-term view.

Crypto analyst Bob Loukas echoed the pessimism, saying sentiment is “in the gutter” but argued the market may be overdue for a sharp countertrend rally. Bitcoin has gained about 2.4% over the past 30 days, suggesting resilience despite widespread caution.

[johnblockbuster]

countertrend rally incoming? i mean, hope so, but fear is strong rn