Bitcoin’s Advanced Sentiment Index has fallen below the critical 50% threshold to approximately 46%, signaling weakening market confidence despite a recent price rebound from $103,000 to $105,000. This drop below the neutral benchmark suggests potential challenges in sustaining upward momentum.
Market data indicates stagnant open interest and insufficient net buying volumes are failing to propel prices higher, keeping Bitcoin range-bound between $103,000 and $105,000. Analysts note that current conditions lack the necessary pressure to break through resistance levels.
For a sustainable rally to materialize, the sentiment index would need to recover to the 60-65% range. Such improvement would require significant growth in both net active buying and open interest across exchanges.
Absent these developments, Bitcoin risks retesting key support levels between $102,000 and $103,000. Market participants are closely monitoring whether buying pressure can reassert itself to prevent further downside movement.