Crowd's Low Price Predictions Continue to Be Your Buy Signals!

🗣️ Bitcoin's rally back to $84.5K Friday shows what happens when the Monday crowd claims it's time to sell. Predictably, FUD hit its peak as $BTC was down to $78K, with predictions pouring in for lower prices all across social media. This same phenomenon happened at the end of February, when retail traders were convinced we were going even lower... only to watch prices temporarily soar at the beginning of March.

🗓️ Over the past month, we have not seen Bitcoin's market value fall below $70K OR rise above $100K. That means looking at the crowd's social predictions of <$70K is a great gauge for FUD, and >$100K is a great gauge for FOMO. Historically, markets move the opposite direction of the crowd's expectations.

🟦 This is why clusters of blue bars (representing $10K-$69K $BTC predictions) so reliably foreshadow a reversal (or buy signal), especially while markets are moving down and the crowd is getting fearful.

🟥 This is also why clusters of red bars (representing $100K-$159K $BTC predictions) so reliably foreshadow a reversal (or sell signal), especially while markets are moving up and the crowd is getting greedy.

💸 If you're looking for ways to add some predictability to these rollercoaster prices, consider counter-trading against the 'crowd think'. This updating chart is available on Santiment here, and we look forward to hearing about what you find.