- Bitcoin’s bullish-to-bearish comment ratio drops to 1.03—its lowest since April 6, per Santiment.
- BTC trades between $103,832 and $105,273, reflecting indecision and muted momentum.
- BTC holds above a symmetrical triangle support and Ichimoku Cloud, reinforcing a critical technical zone.
Retail sentiment toward Bitcoin has slid to its most bearish levels in over two months. This shift comes as the ratio of bullish to bearish commentary hits a new low, revealing a sharp dip in trader confidence. According to data compiled by Santiment, the current ratio stands at 1.03 bullish comments for every 1 bearish comment—marking the lowest sentiment reading since April 6th. The current figures highlight growing impatience among traders, especially as Bitcoin’s price continues to stagnate below resistance.
Sentiment Gap Narrows Sharply
Data from Santiment shows a total of 10,466 positive comments versus 10,147 negative ones across social media platforms. The narrow difference between the two underscores a market in limbo. Historically, such tight sentiment margins tend to appear during prolonged periods of price inactivity.
Notably, the last time this occurred was during the heightened fear driven by tariff news in early April. Since then, Bitcoin sentiment had trended more positively—until now. The consistent decline in net positive commentary suggests traders are growing increasingly uncertain.
The sentiment trend corresponds with limited price movement over the past several weeks. With the sideways trading of Bitcoin, the interaction between market participants seems to change towards the negative.
Bitcoin Price Holds in Tight Range Amid Weak Momentum
As of the latest data, Bitcoin is trading at $104,742, reflecting a modest 0.4% decline over the past 24 hours. The trading range remains narrow, fluctuating between $103,832 and $105,273. This range-bound movement continues to shape how traders respond across sentiment channels. The support level at $103,832 has repeatedly served as a floor for price, while resistance at $105,273 caps further upward movement.
The resistance zone remains intact despite occasional attempts to break higher. This aligns with the broader negative commentary trend. Although the BTC/USD pair maintains structural stability, the lack of directional momentum contributes to sentiment fatigue.
Bitcoin Consolidates Within Symmetrical Triangle Pattern
Bitcoin’s price movement has entered a critical phase, as the asset consolidates within a symmetrical triangle on the daily chart. According to The Crypto Express, BTC is currently hovering just above the triangle’s support trendline, a level that has held firmly over recent sessions.
The structure suggests a balance between buying and selling pressure, with traders waiting for a clear directional move. In addition to the triangle support, analysts point to the Ichimoku Cloud providing technical reinforcement underneath current price levels. This overlap of support zones implies that bullish momentum is still present, although not strongly dominant.
