The post This Bitcoin (BTC) bull cycle is not over appeared on BitcoinEthereumNews.com.

Positive sentiment is falling fast in the crypto market. Bitcoin (BTC) is still below $100,000, and some are beginning to wonder if the top has already been reached. However, macro indicators suggest that this is not the case. Fade Bitcoin at your peril. A slow roll-over from here? A narrative is doing the rounds on social media that Bitcoin reached its peak when it hit over $109,000 in January. Since then, the incoming Trump administration has caused a ‘sell the news’ event, and it’s a slow roll-over from here on in. The seventh cavalry, in the form of quantitative easing, still hasn’t arrived, and many are beginning to think that the Federal Reserve is trapped and will not be able to turn the money spigots on due to the fear of inflation breaking out again. Many must also be thinking that with all the Bitcoin buying going on among the U.S. Spot Bitcoin ETFs, and Michael Saylor’s rebranded Strategy (formerly MicroStrategy), why is the price not rising? To add to this, President Trump’s promise of a U.S. Bitcoin Reserve Strategy has not materialised, not that it could be actioned in such a short period of time, but it doesn’t take a lot for the average retail investor to get cold feet. Market sentiment dipping fast Source: Alternative.me According to the Fear and Greed Index, positive sentiment for the crypto market is falling fast. From last month’s Extreme Greed, to last week’s Greed, to today’s Neutral, does tell a story of dissipating optimism. So is this prevailing bearish sentiment across the whole market? No, this is a retail investor thing. This Bitcoin cycle is very different from its predecessors. The days of retail forcing the price to spike in this or that direction, are probably over. This is now a market…

---

Filed under: News - @ February 8, 2025 8:27 am