Bitcoin Eyes $150,000 as Santiment Says “Now Is the Opportunity With FOMO Gone”

▲ Bitcoin (BTC) Rising / ChatGPT-Generated Image

Overheated optimism targeting $150,000 has faded from the Bitcoin (BTC) market, and retail investor sentiment has cooled. At the same time, analysts suggest that this subdued sentiment could be a positive precursor to healthy price appreciation.

According to Cointelegraph on Feb. 21, cryptocurrency analytics firm Santiment reported that as Bitcoin’s price undergoes repeated corrections and sideways movement, market “FOMO” (fear of missing out) has completely dissipated. In particular, the fact that investors are beginning to abandon expectations of Bitcoin reaching $150,000 is being interpreted as a healthy signal cooling an overheated market. Historically, Bitcoin has often laid the groundwork for strong rebounds precisely when widespread optimism fades and skepticism grows.

Santiment noted that retail participation on the Bitcoin network continues to expand, indicating that market fundamentals remain solid. Rather than being driven by large-scale speculative demand, the steady increase in genuine network participants is viewed as a key indicator of the long-term health of the digital asset ecosystem. “The lower the crowd’s expectations for further upside, the more solid the foundation for a rebound becomes,” Santiment analysts said, suggesting that the current pessimistic mood could represent a buying opportunity.

From a technical perspective, Bitcoin is currently consolidating within a narrow range between $65,000 and $73,300. The price remains below both the 20-day exponential moving average of $73,298 and the 50-day exponential moving average of $80,712, indicating that short-term downward pressure still dominates. However, the cleansing of excessive leverage and the resetting of investor sentiment are considered necessary purification stages for Bitcoin to advance toward new highs.

Experts predict that if Bitcoin decisively breaks above the $73,300 resistance level with strong trading volume, it could enter an upward trajectory toward $80,700. Conversely, if the $65,000 support level fails, there is a risk of further correction toward the $60,000 range. The Bitcoin market currently stands at a critical crossroads amid macroeconomic uncertainty and geopolitical risks, with shifts in retail investor sentiment likely to serve as a trigger for any rebound.

Ultimately, Bitcoin’s next move will likely be determined by the crypto market’s characteristic tendency to move contrary to crowd psychology. Santiment emphasized that investors should focus less on short-term price fluctuations and more on user growth shown in on-chain data and changes in sentiment indicators. With the rosy outlook of $150,000 fading, Bitcoin is quietly strengthening its fundamentals for a new leap forward while once again testing market confidence.

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