Bitcoin Market Sentiment Shows Increased Volatility

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 14 hours ago

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Institutional vs Retail Dynamics: Cory Klippsten, CEO of Swan Bitcoin, emphasizes that despite the growing institutional presence in crypto, retail sentiment remains crucial, indicating that the fundamental demand is still primarily driven by retail accounts.
ETF Outflows: Since May 15, US-based spot Bitcoin ETFs have seen a total of $2.90 billion in net outflows, while Bitcoin's price has slid approximately 9.5% during the same period, suggesting a weakening demand for Bitcoin in the market.
Market Sentiment Indicator: The Crypto Fear & Greed Index recorded an “Extreme Fear” score of 23 on Friday, reflecting a cautious approach from investors towards the crypto market, which could influence future investment decisions.
Bitcoin Price Outlook: Klippsten states that the chances of Bitcoin hitting a new all-time high in 2026 have dropped to 20% to 25%, contrasting sharply with his earlier prediction of a 50% chance when Bitcoin was trading around $95,000, indicating a significant decline in market confidence.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	66972.523	69742.507	72660.033	75430.017	78347.543	81117.527	84035.053
Fibonacci	69742.507	71915.135	73257.388	75430.017	77602.645	78944.898	81117.527

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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