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Bitcoin trades near $80K amid subdued investor sentiment, echoing 2015's early disbelief rally phase.

Market News
28 Oct 2026, 21:12 WIB
Tokenpost
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Neutral
Bitcoin trades near $80K amid subdued investor sentiment, echoing 2015's early disbelief rally phase.

Bitcoin's price retreated from $86,000 to around $80,719 as of October 28, with investor excitement and conviction remaining low. Michael Sullivan, who tracks Bitcoin sentiment, compares current market feelings to those in 2015, suggesting the market is in an early stage of a disbelief rally. This subdued sentiment despite high prices indicates cautious optimism among investors, potentially signaling a bullish phase similar to 2015. The comparison highlights how sentiment can lag price movements in crypto markets.

Bitcoin's price and sentiment are the subject of this report. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 29, 2026 00:23 WIB: out of 50 major cryptocurrencies, 30 rose and 19 fell. Notable movers include EOS at Rp12.649 with an 8.13% increase, BAT at Rp2.513 with a 5.14% decrease but 100% buy order activity, and Litecoin at Rp1.074.620 with a 5.04% rise and 61% buy order activity.

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