{"id":905101,"date":"2026-05-11T08:21:24","date_gmt":"2026-05-11T13:21:24","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/11\/bitcoin-near-68k-as-fear-spikes-santiment-sees-buy-signal\/"},"modified":"2026-05-11T08:21:24","modified_gmt":"2026-05-11T13:21:24","slug":"bitcoin-near-68k-as-fear-spikes-santiment-sees-buy-signal","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/11\/bitcoin-near-68k-as-fear-spikes-santiment-sees-buy-signal\/","title":{"rendered":"Bitcoin near $68K as fear spikes: Santiment sees buy signal"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-site=\"CoinJournal\">\n<div data-site=\"CoinJournal\">\n<picture><source  type=\"image\/webp\" media=\"(min-width: 750px)\"><source  type=\"image\/webp\"><source  type=\"image\/jpeg\" media=\"(min-width: 750px)\"><source  type=\"image\/jpeg\"><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/Bitcoin-price-outlook.png\" alt=\"bitcoins Bitcoin price crosses $81\" width=\"100%\" height=\"100%\">\n<\/picture>                            <\/div>\n<ul>\n<li>Bitcoin price hovers near $68,500 but saw intraday lows of $68,000.<\/li>\n<li>Analysts say a textbook buy signal is flashing.<\/li>\n<li>Bulls could target $75,000-$80,000 next.<\/li>\n<\/ul>\n<p>Bitcoin continues to face headwinds, with ongoing tensions in the Iran conflict and the macro outlook key.<\/p>\n<p>Despite the cryptocurrency dipping to near $68,000 amid stock market declines, analysts are pointing to a potential contrarian signal as they forecast a new leg up for BTC.<\/p>\n<p>The bellwether digital asset traded around $68,500 in early trading on Friday, with slight gains coming amid relief for US stock futures.<\/p>\n<p>An uptick in risk assets came after President Donald Trump extended a deadline for potential strikes on Iran\u2019s energy infrastructure by ten days.<\/p>\n<p>BTC now eyes a push back toward $69,000, signaling potential stabilization.<\/p>\n<h2>Bitcoins Santiment says BTC is flashing a textbook buy signal<\/h2>\n<p>Bitcoin\u2019s retest of $68,000 aligns with what on-chain analytics firm Santiment highlights as a surge in retail bearishness.<\/p>\n<p>Yet it\u2019s this outlook that analysts say could count as a classic contrarian indicator.<\/p>\n<p>Social media chatter shows the crowd amplifying fear, uncertainty, and doubt (FUD) around Bitcoin and altcoins, with sentiment hitting lows not seen recently.<\/p>\n<h3>Why does this matter?<\/h3>\n<p>According to Santiment, cryptocurrency prices often defy public narratives.<\/p>\n<p>\u201cHistorically, prices move opposite to the crowd\u2019s narrative,\u201d the firm notes.<\/p>\n<p>This means that the current spike in pessimism could read as a robust buy signal.<\/p>\n<p>It\u2019s a textbook contrarian outlook where bearish chatter highlights potential bottoms, while bullish retail discourse often marks tops.<\/p>\n<p>Santiment says optimistic terms like bounce, recovery, accumulating, or buying typically signal a sell opportunity.<\/p>\n<p>Meanwhile, crowd chatter dominated by words such as dip, pullback, or bloodbath often signal buying opportunity.<\/p>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udde3\ufe0f The retail crowd is showing signs of getting more and more bearish, expressing FUD toward Bitcoin and crypto. Historically, prices move opposite to the crowd&#8217;s narrative, making this below chart reveal a stronger buy signal. When you see crypto discourse with:<\/p>\n<p>\ud83d\udd34 Words like\u2026 <a href=\"https:\/\/t.co\/rpgmtSz2Q2\">pic.twitter.com\/rpgmtSz2Q2<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/2037329530017243386?ref_src=twsrc%5Etfw\">March 27, 2026<\/a><\/p>\n<\/blockquote>\n<h2>Bitcoins Bitcoin price technical analysis<\/h2>\n<p>Over the past 24 hours, Bitcoin\u2019s price action has mirrored broader market volatility.<\/p>\n<p>The asset plunged to intraday lows near $68,500, retracing to weekly support levels and transforming the $72,000\u2013$75,000 band into a formidable supply zone.<\/p>\n<p>Current price levels mark a 4% weekly decline, reflecting investor caution.<\/p>\n<p>From a technical perspective, Bitcoin presents a bullish setup amid the pullback.<\/p>\n<p>The weekly RSI has dipped into oversold territory, hinting at exhaustion selling. Support at $68,000 aligns with the 200-week EMA, a prior accumulation and resistance zone.<\/p>\n<p>The MACD indicator shows the histogram is flattening and there\u2019s a hint of a bullish crossover.<\/p>\n<p>On the upside, a retest of $70,000 brings $72,000 into view.<\/p>\n<p>Short-term, the $75,000 supply zone could cap bulls\u2019 move \u2013 unless they breach the level on increased volume amid de-escalation news. Broader forecasts point to $80,000 as a target for bulls.<\/p>\n<p>On the downside, bears may fancy $65,000. However, they face a robust support base near the $60,000 mark.<\/p>\n<div>\n<hr>\n<h6>Share this article<\/h6>\n<hr>\n<h6>Categories<\/h6>\n<hr>\n<h6>Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p> Benson Toti <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-near-68k-as-fear-spikes-santiment-sees-buy-signal\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price hovers near $68,500 but saw intraday lows of $68,000. Analysts say a textbook buy signal is flashing. Bulls could target $75,000-$80,000 next. Bitcoin continues to face headwinds, with ongoing tensions in the Iran conflict and the macro outlook key. Despite the cryptocurrency dipping to near $68,000 amid stock market declines, analysts are pointing<\/p>\n","protected":false},"author":1,"featured_media":905102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,23602],"tags":[11476],"class_list":["post-905101","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-spikes","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/905101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=905101"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/905101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/905102"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=905101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=905101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=905101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}