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Day: January 19, 2023

Bitcoin crowd sentiment hit multi-month high as BTC price touches $21K

Bitcoin crowd sentiment hit multi-month high as BTC price touches $21K

Crowd sentiment in the Bitcoin market has hit its highest in six months, according to data from analytics firm Santiment. Analysts believe the January BTC price rebound could be a sign that the Bitcoin price bottom is in. The chart below shows three major spikes in investor sentiment since 2021. The run-up to the top and bottom of the prior cycles look surprisingly similar when examining the long-term price behavior of Bitcoin. Market analysts believe the BTC price rebound could signify a market bottom. News Sorce