When Bitcoin Bears Turn Bullish: A Contrarian Market Psychology at $83,000
The analyst Plan C's observation on X reveals a fascinating market phenomenon: Bitcoin bears are showing optimism at the current price level of $83,000, a feeling that resembles the euphoric mood of the bulls when Bitcoin was trading at $97,000. This paradoxical reaction from the bearish faction highlights the complex psychology underlying markets.
What’s interesting is not just the change in sentiment itself, but what it reveals about market psychology. When bears react positively to falling prices, they often discover
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