As soon as Bitcoin (BTC) fell below $7,000, retail bears became loud once again. Calls for a fall to $4,000 or lower have become popular once again in the crypto community. The popular sentiment at the moment is bearish. If an analysis points to the possibility of a fall below $4,000, it is more readily accepted than the one that calls for a rise above $8,000. As we have seen in the past, in this market as well as other markets, when too many people start thinking the same way, it is time to prepare for a trend reversal.