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Bitcoin: Gauging what the market top is as the rally weakens
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BTC has dipped by close to 10% over the last 24 hours, dropping below $60k for the first time in three weeks. This Bitcoin-led market crash pulled down the global cryptocurrency market cap to $2.55 trillion, down by over 10% in just a few days.
While this move has affected Bitcoin’s charts and led to several signs of “weak hand” sell-offs, a curious and opposing social sentiment has taken over market participants.
On one hand, social sentiment seems largely bullish as ‘buy the dip’ chants took
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