Bitcoin's Sentiment Mainly Neutral as All-Time High is Within Striking Distance

😮 #Bitcoin's $68.6K #AllTimeHigh is within 0.9% of its current $68.0K market value. Though there seems to be a high ratio of traders who expect this value to be exceeded shortly, the overall sentiment is much closer to neutral than previous #bullcycle data.

Unlike the many #memecoins and other surging #altcoins that have recently pumped, $BTC's neutral sentiment is actually a strong side that a rally can keep momentum. With a fair amount of disbelief, shorts can get liquidated and continue to fuel a rally past $70K and beyond.

It is best to assess how sentiment may shift WHEN the seemingly inevitable #ATH hits, as sudden shifts in crowd perceptions can change wildly after any major resistance level is breached.

Note that markets typically move the opposite direction of traders' expectations. Monitor Santiment's data-backed crowd sentiment for Bitcoin and other trending tokens here.

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