Bitcoin: What social sentiment says about BTC’s next move – BitRss

• Bitcoin’s social sentiment metrics show declining commentary around price targets despite stability at $104,250.
• Price maintains support above key Moving Averages at $99,326 and $77,536 despite sentiment fluctuations.

Bitcoin’s[BTC ($105,047.63)] recent price action around the $104,000 level has created an intriguing psychological battleground, with social sentiment metrics revealing complex market dynamics.

As the leading cryptocurrency trades at $104,250.29, at press time, down by 0.47% in the last 24 hours, underlying sentiment indicators suggest a notable shift in investor behavior.

Bitcoin’s social sentiment divergence

The most striking feature in recent market data is the declining commentary around both greed and fear indicators. 

Bitcoin maintained its position above the crucial Moving Averages (MA) Cross levels of 99,326.37 and 77,536.25. According to Santiment data, Social Volume mentions in the $90K-$95K and $110K-$115K ranges have decreased significantly. 

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