That combination typically signals a “disbelief rally,” where traders hesitate to chase, shorts remain active, and sidelined capital waits for a pullback that may not come. Ironically, that caution can help extend upside because the market isn’t overcrowded with euphoric longs. The key is follow-through: if BTC holds above the breakout range, this pessimism can act as fuel, keeping the $100K psychological level firmly in focus.
Bitcoin Price Outlook: Can Sentiment Fuel a Run Toward $100K?
With BTC holding above its former consolidation band, the next phase depends on whether buyers can defend the breakout while sentiment stays cautious. When disbelief lingers, rallies often grind higher because dips get bought and bearish bets unwind in waves. A steady push toward $100K becomes more likely if Bitcoin price keeps printing higher highs and higher lows and avoids slipping back into the previous range.
That said, the risk is straightforward: if BTC loses the breakout level and sentiment remains fearful, the market can interpret it as a failed move, triggering profit-taking and a deeper pullback. For bulls, the cleanest confirmation would be continued closes above the prior range, followed by a successful retest. For now, Santiment’s fear-zone reading suggests the rally isn’t overcrowded, which can keep upside momentum intact—provided price structure doesn’t break.
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