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But we saved everything 🙂.
Joao Wedson observes that extreme sentiment has faded from the crypto market. He emphasizes that while strong optimism is necessary for a sustained recovery, it must align with robust on-chain data and genuine buying momentum.
Without these supporting factors, Wedson cautions that a dead cat bounce remains the most likely outcome.
Wedson previously suggested that Bitcoin’s price bottom could arrive before the launch of GTA 6, anticipating a shift in crypto market sentiment after the game’s release (link). He has also forecast a potential move for Bitcoin toward $57,300, citing the importance of tracking liquidity for trading decisions (link). These views provide context for his latest observations on sentiment and buying momentum.