🤗 The Bitcoin crowd has swung from extreme pessimism (on Monday) to ultra FOMO mode (on Thursday).

Just as $BTC looked like it was going to freefall after an $80K rejection and FUD trickled in (a clear buy signal), prices quickly rallied to above $78.7K today.

Now that $80K is being teased once again, crowd FOMO has climbed significantly (a clear caution signal).

Prices can continue to rally, and a breach above this resistance level would be massive in bringing in new and returning traders. However, it will ideally happen when optimism calms down just slightly. Markets move opposite to the crowd's expectations.

For thousands of cryptocurrencies, track the ratio of positive vs. negative commentary across X, Reddit, Telegram, and more all on this one handy Santiment chart!