Bitcoin price is down 17% since the $73,777 all-time high recorded on March 14. Subsiding FOMO coupled with growing FUD suggests a recovery in price amid more rational trading behavior and price stability. Santiment analysts report soaring bear market mentions with markets known to go the other way relative to trader expectations. Cryptocurrency market is bleeding, with Bitcoin price leading altcoins south in a broader market crash.
This assumption is based on the findings that bear market mentions are increasing. If history is enough to go by, prices tend to go the opposite way relative to market expectations, and with the fear of missing out dwindling against a rise in fear, uncertainty, and doubt , the unique mix of these metrics could lead to a recovery either right before the halving or shortly after.