Crypto trader sentiment on social media is sharply divided, with some predicting Bitcoin will slip below $70,000 while others forecast a rally toward $130,000.
Bitcoin briefly fell under $87,000 on Thursday for the first time since April. Despite the decline, “social volume still shows a mixed bag of dip-buy optimism and doom-and-gloom, with very little in between,” market intelligence firm Santiment said in a post on X.
According to data from Santiment’s Sanbase platform, Thursday’s social media chatter was nearly evenly split between calls for a drop to the $20,000–$70,000 range and bullish projections of $100,000–$130,000.
By Friday, however, conversations leaned more heavily toward expectations of lower Bitcoin prices.
“Ideally, we begin seeing many retail predictions of sub-$70K prices, which would indicate a bottom is finally here. Prices move opposite to how the crowd typically predicts markets.”
Tug of war between crypto bulls and bears
Nic Puckrin, analyst and co-founder of The Coin Bureau, told Cointelegraph that Bitcoin is currently being “pulled in different directions by conflicting news,” as a “bull–bear tug-of-war” plays out across the market.
“On the one hand, we have the rapidly dwindling chances of a December rate cut by the FOMC — on the other, a sign of relief that the AI bubble isn’t about to implode after Nvidia’s forecast-beating earnings,” he said.
“If this positive mood continues into the weekend, Bitcoin will likely follow.” Should Bitcoin move higher, Puckrin noted that the next key resistance level sits around $107,500.
Extreme fear may be an opportunity — but timing matters
Rachael Lucas, an analyst at Australian crypto exchange BTC Markets, said Bitcoin’s current price around $87,000 comes as momentum, money flow, and volume indicators all trend lower, pointing to a “sharp deterioration in sentiment.”
“The volatility is being driven by a combination of macroeconomic pressure, liquidity draining from the market, risk-off sentiment, and the cyclical dynamics that have historically shaped Bitcoin’s price action,” she said.
The Crypto Fear & Greed Index has dropped to 14, placing the market firmly in “extreme fear” territory. Even so, it remains slightly above Thursday’s reading of 11 — the lowest sentiment level since February.
Lucas said, “Extreme fear often precedes opportunity, but timing is everything.”
“With technicals under pressure and macro risks elevated, traders and investors face a challenging environment,” she added.
“Whether this marks the start of a deeper correction or sets the stage for a rebound will depend on liquidity conditions, regulatory developments and institutional flows in the coming weeks.”
