Bitcoin Sentiment Swings to FOMO as BTC Retests $80K Resistance Level Again

TLDR: Bitcoin sentiment flipped from fear to strong optimism within days as the price rebounded above $78.7K quickly. Santiment data shows rising FOMO levels, which often act as caution signals during key resistance tests. The $80K level remains a major barrier, with a breakout likely attracting new and returning traders. Elevated Bitcoin sentiment suggests crowded positioning, which can slow momentum or trigger short-term pullbacks. Bitcoin sentiment shifted sharply this week as traders moved from fear to renewed optimism within days. Price action followed closely, with Bitcoin rebounding after a brief rejection and returning near a key resistance zone that continues to attract strong market attention. Crowd behavior flips as Bitcoin sentiment rebounds Bitcoin sentiment turned negative early in the week as prices faced rejection near $80,000. Traders reacted to downside pressure with caution, expecting further losses as fear spread across social platforms. Santiment reported this shift, noting that market participants moved from pessimism on Monday to strong optimism by Thursday. The firm shared that what looked like a breakdown instead became a recovery, with Bitcoin climbing above $78,700. The Bitcoin crowd has swung from extreme pessimism (on Monday) to ultra FOMO mode (on Thursday). Just as $BTC looked like it was going to freefall after an $80K rejection and FUD trickled in (a clear buy signal), prices quickly rallied to above $78.7K today. Now that $80K is… pic.twitter.com/AsDSovpA95 — Santiment (@santimentfeed) April 23, 2026 This rapid reversal reflects how Bitcoin sentiment often tracks price movements closely. When fear increases, selling pressure tends to peak. In contrast, renewed optimism tends to follow price recovery, drawing more traders back into the market. The tweet also pointed out that rising optimism can act as a warning sign. As more traders enter with fear of missing out, markets may face short-term resistance or slower momentum. This pat...