According to BlockBeats, Greeks.live analyst Adam shared insights on X regarding the current sentiment in the cryptocurrency community. The prevailing mood appears bearish, with traders closely watching the $82,000 mark as a crucial support level for Bitcoin. While there is some disagreement within the community, with a minority anticipating a potential price increase in the coming months, the recent sharp decline from $95,000 to $78,000 has led most traders to adopt a cautious stance.
Traders are waiting for Bitcoin's price to stabilize above the monthly opening price, which could signal a potential recovery. Some community members attribute the steep drop to a lack of buying pressure and the expiration of options on February 28.