There's a social media groundswell predicting bitcoin above $90,000. That might be a problem.

The crowd is heavily leaning bullish, and that's often a contrarian signal, according to Santiment. What to know : Retail investors on social media are increasingly predicting that bitcoin will soon trade above $90,000, viewing lower price ranges as reflecting "fear, uncertainty and doubt." Analytics firm Santiment warns that this surge in bullish sentiment may be a contrarian signal, suggesting prices could move in the opposite direction. Bitcoin’s April recovery has already paused, with the price slipping to about $77,000 from above $79,000 earlier this week, leaving unclear whether this is a brief pullback or the start of a broader reversal.