Bitcoin Sentiment Shifts From 'Sell the Rally' to 'Buy the Dip'—Is It Justified?

Bitcoin (CRYPTO: BTC) has shifted traders’ bias toward buying dips, yet experts warn of a pullback to $72,000.

Are Bitcoin Dips Now for Buying?

Speaking on the Crypto Options Unplugged podcast on Sept. 10, Blockchain.com’s Global Head of OTC Trading Mark Sishka said Bitcoin’s rally toward $80,000 has shifted traders from "sell the rally" to "buy the dip."

The rally was driven by a major short squeeze, but the magnitude of the move has forced traders, waiting for sub-$60,000 prices, to reconsider.

And yet, Bitcoin looks "toppy" near current levels, while rebuilt long leverage could trigger a short-term flush toward $70,000 to $72,000.