The Bitcoin community is turning increasingly fearful, with the top cryptocurrency slipping back below $37,000
Brandt has opined that market sentiment has become too bearish, which is why he believes that the cryptocurrency is likely going higher.
Buying assets when the market is fearful is one of the most popular principles of contrarian investing.forming a descending channel on the weekly chart. Even though such patterns are considered to be bearish in the short-term, the flagship cryptocurrency will likely see more upside if bulls penetrate the upper trend line.
In his tweet, Brandt has reiterated that Bitcoin editing their pictures to add laser eyes was a tell-tale sign of the market’s top.
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