Bitcoin Bearish Sentiment Climbs as BTC Price Slips Under $89K
Bitcoin’s failed attempt to recover above $90,000 has eroded investor confidence, sending bearish sentiment flying.
Users on prediction market Myriad have raised their expectation of Bitcoin crashing to $69,000 from 22% to 30% in less than 24 hours. This probability has grown from a mere 11.6% last Thursday, highlighting rising bearish sentiment. Bitcoin dropped 6.7% over the past week, and is currently trading at around $89,000, down 1% over the past 24 hours, according to CoinGecko data.
Since the start of 2026, Bitcoin has produced higher highs and higher lows, signaling a bullish market structure. Its steady ascent pushed it to $97,000 on January 15; at the time...