Retailers are aggressively marketing Bitcoin ahead of the FOMC – but is this exactly why greed is on the rise now?
Bitcoin [BTC] traded between $92,700 and $93,000 during the session and was held above the 4h EMA Ribbon. That kept the short-term bias somewhat bullish. Still, repeated rejections around $94,000 showed hesitation as buyers struggled to gain control in the first supply zone.
Source: TradingView
This zone remained an important directional hinge. A clear break above could have opened space for continuation. In contrast, another rejection reinforced the view that momentum was ebbing, despite retail enthusiasm.
Retail FOMO spike and sentiment shift
According to Santiment, mentions of ‘higher’ and ‘above’ in X, Reddit and Telegram rose as Bitcoin recovered from previous weakness. Consumer confidence rose as prices leveled off, echoing previous periods when FOMO peaked before corrections.
This was important because the markets often moved contrary to the positioning of the retail sector. As FOMO intensified, Bitcoin stagnated instead of extending, showing that emotional buyers took action late as momentum cooled.
Which the bearish RSI divergence suggests
RSI Divergence showed lower highs on the indicator as Bitcoin attempted to move higher. That pattern often indicated a weakening force, even if the price remained at a key level.
That said, buyers continued to react every time the RSI dropped into the mid-range. That response protected the broader structure, but did not remove the caution implied by the momentum signals.
Can a crane in the supply zone lift BTC?
A decisive move through $96,500 could have negated the hesitation around $94,000 and opened the way to a $100,000 recovery. If buyers were to gain control there, the top target of nearly $105,000 would have come back into view.
Failure to clear the area kept the focus on nearby support. With divergence still in place, the loss of support would have confirmed that exhaustion exceeded retail optimism at this stage.
Final thoughts
- Bitcoin’s momentum softened to near $94,000, the RSI Divergence flashed early warnings and social sentiment showed traders turning greedy as the price stalled.
- Until Bitcoin clears its supply zone with conviction, retail-driven optimism remains vulnerable to sharper pullbacks than expected.