Santiment: The current market sentiment is overly bullish due to FOMO, making it difficult for Bitcoin to quickly reach new highs

PANews reported on September 29th that Santiment stated on platform X, after Bitcoin's price rose by 22% within three weeks, bullish sentiment has quickly replaced bearish sentiment. Traders are predicting that the coin price will soon reach $70,000; if investors are waiting to see Bitcoin hit a new historical high, they might have to wait until people lower their expectations. Currently, the number of bullish views significantly exceeds bearish ones. However, historically speaking, the market always moves in a direction opposite to crowd expectations.