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CryptoIntelligence 2024-06-23 10:42:34

Bitcoin Faces Rare ‘FUD’ Surge Amid Sideways Trading, Analysts Predict Potential Price Surge

Bitcoin Faces Rare ‘FUD’ Surge Amid Sideways Trading, Analysts Predict Potential Price Surge

Bitcoin has been experiencing an “extended level of FUD” on social media platform X, coinciding with its sideways trading around the $65,000 mark, as reported by cryptocurrency intelligence platform Santiment. “This extended level of FUD is rare, as traders continue to capitulate,” Santiment noted in a June 20 post. FUD stands for fear, uncertainty, and doubt. “The crowd is mainly fearful or disinterested toward Bitcoin as prices range between $65K to $66K,” it added. Over the past week, Bitcoin’s price has fluctuated between highs of approximately $67,294 and lows around $64,180, based on CoinMarketCap data. Santiment highlighted its Weighted Sentiment

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