Crypto traders are divided on social media, with predictions of Bitcoin dropping below $70,000 or rallying to $130,000. Bitcoin dipped below $87,000, causing mixed reactions. Social media mentions are split between bearish and bullish predictions. More discussions on lower prices leading into Friday. Tug of war between bull and bear sentiments continues.

Bitcoin is influenced by conflicting news, including the FOMC rate cut and Nvidia’s earnings. Positive sentiment may lead to an upward trend, with $107,500 as the next resistance level. Extreme fear in the market presents an opportunity, but timing is crucial. Technical indicators show a decline in sentiment and market volatility.

The Fear & Greed Index returned a rating of 14, indicating extreme fear in the market. Extreme fear often leads to opportunities, but timing is essential. Traders and investors face challenges due to technical pressures and macro risks. The market’s future depends on liquidity, regulations, and institutional flows in the coming weeks.

Read more at Cointelegraph: Bitcoin Sentiment Mixed as Traders Debate Prices From 70K to 130K