Social-volume data shows traders divided between expectations of deeper losses and hopes for recovery as Bitcoin trades in the $80,000 range.
Analysts cite changing macro conditions and weakening momentum indicators as Bitcoin moves through a volatile period.
Extreme fear readings and fresh buy orders between $80,000 and $82,000 suggest traders are watching critical support.
Bitcoin (BTC) is exchanging hands at $83,546.71 after an intraday drop of over 8% in 24 hours extending it to 12% this week.The fear and greed has gripped traders amid mixed signals.Key support level test and volatile market swings are expected to shape the next trading sentiment.
Mixed Social Signals During the Latest Downturn
Social-volume data from Santiment showed that traders remained split between expectations of lower prices and hopes for a return to six-figure levels. Mentions of $20,000–$70,000 targets rose as Bitcoin fell below $87,000.
Bullish calls for $100,000–$130,000 persisted but were less frequent. The shift came after a volatile period where sentiment swung from sharp fear to brief optimism near $91,000.
The drop below $100,000 triggered a spike in online discussion, reflecting concern over that key psychological level. By Friday, lower-price predictions had slightly increased, indicating traders were anticipating further weakness.
https://twitter.com/Cointelegraph/status/1991752598454419935?s=20
The firm noted that markets often move opposite to crowd expectations during stressful periods.
Analysts Track Macro Drivers and Key Price Levels
Nic Puckrin of The Coin Bureau said Bitcoin faced pressure from uncertain macro conditions. He pointed to fading expectations of a December rate cut and renewed confidence in broader tech markets after earnings from Nvidia.
Puckrin stated that weekend trading could reflect that improved mood if buyers regain control. He also noted that the next resistance level sits near $107,500 should the market strengthen.
Meanwhile, BTC Markets analyst Rachael Lucas said momentum and money-flow indicators moved lower as Bitcoin hovered around $87,000. She described recent trading as shaped by liquidity challenges, macro pressure, and the asset’s cyclical behavior.
Traders Gauge Fear as Buy Orders Surface
The Crypto Fear & Greed Index dropped to 14, a level that shows extremely cautious market behavior and reflects conditions last seen in February. This scored slightly above Thursday’s reading of 11, which marked the week’s low point.
Trader TedPillows noted buy orders near $80,000 to $82,000 on Binance, suggesting that some traders expected buyers to defend that zone. He added that a failure to hold those levels could bring a move toward $74,000.
Chart patterns referenced in discussion also pointed to a shift from earlier enthusiasm toward a phase aligned with anxiety or denial, where traders question the speed of the pullback after a strong rally.
The post BTC Slides Below $85K as Analysts Split Between $70K Doom Calls and $130K Hopes appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
