Santiment: Bitcoin market sentiment has shifted from extreme pessimism to an extreme FOMO mode, and the market still has room for further growth

Jinse Finance reported that on April 24, Santiment posted on X stating that Bitcoin market sentiment has shifted dramatically—from extreme pessimism on Monday to extreme FOMO mode by Thursday. While Bitcoin was pressured and pulled back at the $80,000 mark amid spreading bearish panic (FUD), it seemed poised for a free fall, but this was actually a clear buy signal; today, the coin price quickly rebounded, rising above $78,700. Now, as the price tests the $80,000 mark again, the market's fear of missing out and chase momentum have surged significantly, which is a clear warning signal. There is still room for the trend to continue upwards; if this key resistance level is effectively broken, it will greatly attract new traders to enter and bring back previous capital. However, the ideal scenario would be to break through after market optimism has cooled off slightly.