Bitcoin social media bearish sentiment hits 5-week high

Santiment reports that bearish comments on Bitcoin on social media have climbed to a 5-week high. Data shows a bullish-to-bearish ratio of 0.81, meaning approximately 5 bearish comments for every 4 bullish comments. Santiment notes that markets typically move in the opposite direction of popular expectations, and such high levels of FUD (Fear, Uncertainty, and Greed) sentiment are often a common element in price rallies, potentially indicating a faster-than-expected price recovery. Furthermore, the cryptocurrency FUD index scored 12 on Sunday, remaining in the extreme fear zone. Bitcoin is currently priced at $67,100, down 5.53% over the past 30 days.