Some bearish opinions for BTC

Here is a flurry of bearish comments observed in a subreddit, corresponding to the very recent downward move to $8850:


Still on the sidelines waiting to get in and waiting to see if we get another sell the news halving event. With that said I have raised my buy back in target to 6.5.


For bullish scenario, I think 28k would be a great number. For soft bearish scenario retest of 3k. For worst-case scenario 450 dollars.


Think we're going to correct to the low 8s, reset the 12hr RSI around 50ish. then have another go.


Was always fascinated how many people pop up from nowhere and start being ultra bullish at the top.


Lower highs and lower lows in the hourly. Feels like a bull trap above 9000.

From the point of view of counter-sentiment speculatio, bearish persisting in a bull trend may suggest the trend may continue.

Thanks for reading!

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