{"id":221651,"date":"2021-04-08T06:20:33","date_gmt":"2021-04-08T03:20:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-sentiment-falls-even-as-bloomberg-tips-bitcoin-will-hit-400k\/"},"modified":"2021-04-08T06:20:33","modified_gmt":"2021-04-08T03:20:33","slug":"crypto-sentiment-falls-even-as-bloomberg-tips-bitcoin-will-hit-400k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-sentiment-falls-even-as-bloomberg-tips-bitcoin-will-hit-400k\/","title":{"rendered":"# Crypto sentiment falls even as Bloomberg tips Bitcoin will hit $400K"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a242f5bf3347\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a242f5bf3347\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-sentiment-falls-even-as-bloomberg-tips-bitcoin-will-hit-400k\/#History_suggests_BTC_only_getting_started\" >History suggests BTC only getting started<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Crypto sentiment falls even as Bloomberg tips Bitcoin will hit $400K <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Analytics company Santiment reports that cryptocurrency sentiment has fallen to near-record low levels for 2021 \u2014 even as some experts are doubling down on $400,000 Bitcoin\u2019s price target.<\/p>\n<p>Sentiment nosedived following Bitcoin\u2019s drop below $60,000 to its current price of $56,300 and Ethereum\u2019s dip under $2,000 this week, according to Santiment. Ether is currently trading at $1,986<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> The crowd mood toward <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to have dropped to extreme negative territory after <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> fell back under $60k &amp; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> dipped back under $2k this week. Historically, buying during this level of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FUD?src=hash&amp;ref_src=twsrc%5Etfw\">#FUD<\/a> &amp; fear is a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bullish?src=hash&amp;ref_src=twsrc%5Etfw\">#bullish<\/a> opportunity. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/u7LKbvoqSt\">https:\/\/t.co\/u7LKbvoqSt<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ZTxQFroEfM\">pic.twitter.com\/ZTxQFroEfM<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1379895830598008833?ref_src=twsrc%5Etfw\">April 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>But other analytics platforms show a less convincing shift with crypto predictive data platform <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.augmento.ai\/bitcoin-sentiment\/\">Augmento<\/a> seeing sentiment slide from &#8216;bullish&#8217; to &#8216;slightly bearish&#8217;. The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative<\/a> Crypto Fear and Greed index meanwhile shows almost no change, with the counter still clearly sitting at \u201cgreed\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/a676eaf9-5f60-4303-89dc-ef3aec824890.png\"><figcaption style=\"text-align: center;\">Alternative Fear &amp; Greed Index. Source <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative<\/a><\/figcaption><\/figure>\n<p>Yesterday\u2019s sell-off, which saw the entire cryptocurrency market cap drop briefly below $1.8 trillion before stabilizing around $1.9 trillion, doesn\u2019t appear to bother seasoned analysts. Quantum Economics founder Mati Greenspan stated in his April 8 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/mailchi.mp\/95abe9d23839\/hot-off-the-press-qe-episode-13445560?e=ac072fa953\">newsletter<\/a> that the dip \u201ctook place on relatively low volumes.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/3d8feb86-680b-4a6e-8a75-2d2f9498fa2f.png\"><figcaption style=\"text-align: center;\">Bitcoin price, real volume, and difficulty. Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/messari.io\/chart\/my-chart-3D96D650\">Messari<\/a><\/figcaption><\/figure>\n<p>He noted that Bitcoin miners seem to have not even noticed the dip with the network\u2019s hash rate reaching a new all-time high of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/messari.io\/chart\/bitcoin-on-chain-data-18F765EC\">179 million exahashes<\/a>, adding \u201cthat miners are hoarding Bitcoin right now instead of selling it back to the market.\u201d This is often taken as a sign they expect higher prices.\u00a0<\/p>\n<h3><span class=\"ez-toc-section\" id=\"History_suggests_BTC_only_getting_started\"><\/span>History suggests BTC only getting started<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Released on April 5, a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/assets.bbhub.io\/promo\/sites\/12\/1060725_Crypto-Apr2021Outlook.pdf?utm_source=Email&amp;utm_campaign=Indices&amp;utm_medium=Newsletter&amp;utm_content=CryptoOutlook-Apr2021&amp;tactic=475077&amp;link=button-header\">report<\/a> by Bloomberg Intelligence Strategist Mike McGlone predicted Bitcoin could soon approach $400,000 based on past Bitcoin bull runs, adding:<\/p>\n<blockquote><p>\u201cIn September, 180-day volatility on the crypto about matched the all-time low from October 2015. From that month&#8217;s average price, Bitcoin increased a little over 50x to the peak in 2017\u201d<\/p><\/blockquote>\n<p>Although it doesn\u2019t give a specific time-frame for when this peak might be achieved, the report does specify that over the next quarter the price is likely to \u201cbreach $60,000 resistance and head toward $80,000.\u201d <\/p>\n<p>Bitcoin analytics account \u201cEcoinometrics\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ecoinometrics\/status\/1379460666059223043?s=20\">tweeted<\/a> that historically, the BTC price broke out between 300 to 350 days from previous halvings. We are currently at 329 days from the latest halving. If it plays out anything like previous halvings next May could see a Bitcoin price past $700,000&#8230; or drop to well below $40,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/7d06abce-40b5-4559-98be-1ef2918aa3b9.jpg\"><figcaption style=\"text-align: center;\">Bitcoin price prediction. Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ecoinometrics\/status\/1379460666059223043?s=20\">Twitter<\/a><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Sentiment nosedived following Bitcoin\u2019s drop below $60,000 to its current price of $56,300 and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":221652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvMjA3YTE1NGMtNTk5Zi00NmE0LWE0YjktMWE5NjQ0NzNhMTdjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75147,74891],"class_list":["post-221651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bloomberg","tag-ethereum"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/221651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=221651"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/221651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/221652"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=221651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=221651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=221651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}