Bitcoin: Public expectations could be overheated and prevent it from reaching new highs

On-chain analytics platform Santiment predicts that Bitcoin may not be able to reach new all-time highs anytime soon.
, said those hoping for new highs for Bitcoin may have to wait until the public lowers their expectations.
According to an analysis of the data, “Currently, there are positive investments regarding Bitcoin.
"Positive comments outnumber negative posts by 1.8 times," he said, adding that "historically, markets have always moved contrary to public expectations."
Bitcoin price in the past two weeks has risen to $58,000 on September 17th
This was a very positive change, as Bitcoin rose by about 14% from below to over $66,000 on September 28. Furthermore, judging from the rate of increase so far,
The index is expected to post its best September ever, up about 12% so far this year.
Lopp observed that the mainstream media is also shifting to a more positive mood. On the 29th, he posted on X (formerly Twitter) that "FUD has not stood the test of time and is now in the mainstream media.
"Bitcoin sentiment is turning positive in the US and Canada," he said. He also said that the Bitcoin Fear and Greed Index, which measures market sentiment, is now at 1.5x the previous day.
The Index returned to greed levels on September 30th at 61. Just a few weeks earlier, on September 6th, the index had fallen to 22, one of the lowest levels in the past year, signaling extreme fear.
On the 29th of last month, Cointelegraph reported that demand for stablecoins in China was declining, which could delay Bitcoin's ATH (all-time high).
If dollar-pegged stablecoins trade at a discount rather than a premium, this indicates negative market sentiment.