I probably need to check Reddit for suicide hotlines to get a good grasp of market sentiment lol.
Its good indicator, but there can always be more pain.
"So, Tuesday was a bad day for Bitcoin. Within hours, the original cryptocurrency plunged in price from roughly $13,000 USD per 1.0 BTC to just over $10,000—and that’s down from an all-time high of $19,000 in mid-December."
Article is called:
"A Suicide Prevention Hotline Was the Top Post on the Cryptocurrency Subreddit Yesterday"
https://www.vice.com/en/article/wjpkgn/bitcoin-price-dip-suicide-hotline-reddit
It was way above the real bottom of 3300$.
Speaking of market sentiment:
According to fear/greed index we are in extreme fear / fear since 27th of November. There is really not much more to go down. Price is very oversold. Not as much as during may-july 2021 dump but we are close to that.
Despite the fact that we broke major support at 40k we still hold inside this falling wedge:
Which is a bullish patter with price target of 69k.
The only thing that I'm afraid of is global market situation and possible big (>30%) correction of the biggest stock index. This will trigger panic sell that wont be stopped even by 30k support.
