Odaily Planet Daily reports that Santiment states social media sentiment indicates the crypto market has not yet shown enough panic to confirm a bottom. Santiment founder Maksim Balashevich pointed out that currently, there is optimism online about a short-term reversal of the downward trend, and this retail-driven optimism usually does not appear at the true market bottom. According to Maksim Balashevich’s observations, Bitcoin price could further decline to around $75,000, a drop of approximately 14.77% from the current level of about $88,000. Additionally, the Bank of Japan raised interest rates to 0.75% on Friday; such measures previously triggered a roughly 20% correction in Bitcoin. Fidelity Global Macro Research Director Jurrien Timmer believes Bitcoin may fall back to $65,000 by 2026. Meanwhile, the Crypto Fear & Greed Index has been in the extreme fear zone since December 14, with a score of 20 on Sunday. (Cointelegraph)
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