Santiment data indicates that traders’ sentiment was bullish at the start of April in the run-up to the Bitcoin halving, but it has gradually decreased over the past three months.
The BTC price has failed to hit a new all-time high in over three months, even after the Bitcoin halving in April.
Santiment data indicates that trader sentiment was most bullish at the beginning of April in the lead-up to the Bitcoin halving. On the other hand, the number of bearis bullish crowd calls. Santiment said the decline in trader euphoria around Bitcoin is a potential bottom signal.A bottom signal indicates an impending market trend reversal. When an asset is undervalued or trading at its lowest point, investors frequently view a bottom as an opportunity to buy it. From a technical analysis point of view, the lowest level of support for the asset is referred to as the bottom.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Michael Saylor Reacts as Bitcoin (BTC) Breaks Above $71,000Vocal Bitcoin proponent Saylor makes BTC prediction as Bitcoin surpasses $71,000 price mark
Read more »
Michael Saylor Celebrates Important Bitcoin Anniversary: DetailsVocal Bitcoin proponent Saylor has published celebratory Bitcoin tweet to recall his personal BTC anniversary
Read more »
Michael Saylor Breaks Silence on Bitcoin Dropping Below $68,000Vocal Bitcoin evangelist Michael Saylor reacts as Bitcoin plunges under $68,000 mark
Read more »
Crucial Negative Ethereum ETF Statement Made by Samson Mow, Here’s His MessageBitcoin maximalist Samson Mow says Bitcoin has no use for Ethereum ETFs
Read more »
Price analysis 5/30: BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAXBitcoin’s range-bound action has not stopped investors from snapping up Bitcoin ETFs.
Read more »
BTC Price Dropping — Who's Actually Selling Bitcoin?Bitcoin ETF flows might not always affect Bitcoin price
Read more »