The latest decline in Bitcoin’s price had the community discussing its future once again. Naturally, different polls started to pop up, asking people about their opinion on whether the pain is over or there’s more coming. One of those which got a fair amount of voters has it that we’re going lower. However, it’s perhaps worth noting that almost always when we see a majority of the kind thinking one thing, Bitcoin does the exact opposite. So, is the negative sentiment actually a good thing?
72% Say Bitcoin’s Price Will Go Lower
A recent Twitter poll initiated by early blockchain proponent and popular cryptocurrency commentator Alex Saunders asked people if Bitcoin will go any lower, following the latest declines.
73% of the voters, as of the time of this writing, think that we will see lower prices.
While there are 9 more hours left to vote, it is currently clear that the sentiment is fairly negative and that people expect lower prices to come.
That’s perhaps to be expected. After all, Bitcoin lost upwards of $2,000 in a few short days and we saw major supports being shattered along the way. At the time of this writing, Bitcoin is trading at around $8,000 and is 4% down in the past 24 hours. The entire cryptocurrency market is in the red, as the majority of mid- and large-cap altcoins are also bleeding out.