🔴Panic in the Bitcoin market has reached its highest level since the downturn began, according to analysts at Santiment. Investors fear a breakdown below the $70,000 support level and are selling off assets due to the lack of positive signals.
🔴Experts believe that the true capitulation zone and optimal buying range lies between $50,000 and $69,000. Discussions about BTC reaching new highs have nearly disappeared from social media.
🔴Additionally, the growing threat of a U.S. recession is putting further pressure on both the stock and crypto markets. Analysts predict that Bitcoin may only reach $100,000 in three to four months. BitMEX co-founder Arthur Hayes urges investors to stay calm and simply wait.