A puzzling disconnect between Bitcoin’s price and market sentiment is emerging, raising intriguing questions about potential contrarian opportunities. Alphractal’s latest analysis reveals that daily sentiment for Bitcoin has turned bearish, highlighting a trend of growing pessimism in the market. A seven-day average further accentuates this downward trajectory. However, historically, when price remains resilient amidst these negative sentiments, it often precedes local Bitcoin bottoms and even subsequent rallies. Alphractal’s team points out that in almost every instance where sentiment became exceptionally negative, Bitcoin experienced a local bottom followed by a bullish reversal.