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Bitcoin Investors Await $110,000! History Shows the Complete Opposite - Coin Bulletin
After the recent decline of Bitcoin, its recovery has created an expectation of an increase among investors.
According to data shared by Santiment, Bitcoin reached a level of 99,800 dollars with its strong performance before the New Year. This move has reignited speculation among investors about the 110,000 dollar level.
According to Santiment, the intensity of the discussions on social media regarding the Bitcoin price is particularly focused on the $110,000 target. According to the data seen in the charts, such speculations have peaked during previous movements of Bitcoin, but the price has generally moved contrary to the expectations of the community.
Bitcoin may correct
During a period when the discussions about 110,000 dollars peaked on December 15th, Bitcoin reached 106,000 dollars, but then peaked at 108,300 dollars and retreated. Similarly, when the price fell to 104,000 dollars on December 18th, expectations of 110,000 dollars rose again. Currently, investors are showing an optimistic attitude that this target can be achieved in the near future.
Santiment, based on historical data, notes that Bitcoin tends to make corrections before reaching expected levels during periods of intense social speculation. However, the current market performance indicates that Bitcoin could target the psychological level of $110,000.