Social media bearishness around Bitcoin has reached its highest level since the end of February, according to crypto sentiment platform Santiment.“FUD has crept back in with the community showing a key lack of optimism,” Santiment said in an X post on Saturday, adding that it is “usually a common ingredient for prices rebounding.” The data comes from a large sample of crypto-focused social media accounts and tracks the ratio of bullish to bearish Bitcoin (BTC) comments across X, Reddit, and other social media platforms.Markets move in “opposite direction,” says SantimentOn Saturday, the ratio of bullish to bearish Bitcoin comments stood at…

Bitcoin’s prolonged consolidation below $70,000 may be paving the way for a more significant rally, according to a crypto analyst.“The longer it lasts, the heavier the breakout will be,” MN Trading Capital founder Michael van de Poppe said in an X post on Friday.“Bitcoin remains stagnant in this area, which means that there’s literally no direction,” van de Poppe said, adding that he is eyeing Bitcoin (BTC) breaking through $71,000, a level the asset hasn’t reached since March 26.Bitcoin has been trading in a narrow rangeSince reaching a yearly low of $60,000 on Feb. 6, Bitcoin has been trading in…

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