Retail is bidding Bitcoin aggressively ahead of the FOMC—but is this exactly why greed is spiking now?
Bitcoin [BTC] traded between $92,700 and $93,000 through the session and held above the 4h EMA Ribbon. That kept the short-term bias slightly bullish. Even so, repeated rejections near $94,000 showed hesitation as buyers struggled to gain control at the first supply zone.
This zone remained a major directional pivot. A clear break above it could have opened room for continuation. By contrast, another rejection reinforced the view that momentum was fading despite retail enthusiasm.
Retail FOMO surge and sentiment shift
According to Santiment, mentions of “higher” and “above” climbed across X, Reddit, and Telegram as Bitcoin recovered from earlier weakness. Retail confidence surged as prices flattened, echoing earlier periods where FOMO spiked before corrections.
That mattered because markets often moved opposite to retail positioning. While FOMO strengthened, Bitcoin stalled instead of extending, showing that emotional buyers stepped in late as momentum cooled.
What the bearish RSI divergence suggests
RSI Divergence showed lower highs on the indicator while Bitcoin attempted to push higher. That pattern often hinted at weakening strength even when the price held key levels.
Having said that, buyers continued to react each time RSI dropped into mid-range territory. That response protected the broader structure, but it did not erase the caution implied by momentum signals.
Could a supply zone tap lift BTC?
A decisive move through $96,500 could have invalidated hesitation near $94,000 and opened the path toward a $100,000 reclaim. If buyers gained control there, the upper target near $105,000 might have come back into view.
Failure to clear the zone kept attention on nearby support. With divergence still in play, losing support would have confirmed that exhaustion outweighed retail optimism at this stage.
Final Thoughts
- Bitcoin’s momentum softened near $94,000, RSI Divergence flashed early warnings, and social sentiment showed traders growing greedy as price stalled.
- Until Bitcoin clears its supply zone with conviction, retail-driven optimism remains vulnerable to sharper pullbacks than expected.
