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

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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.

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

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Name	Price	24H (%)
Bitcoin(BTC)	$58,904.83	-2.32%
Ethereum(ETH)	$2,658.07	1.23%
Tether USDt(USDT)	$1.00	0.08%
BNB(BNB)	$515.40	-1.03%
Solana(SOL)	$148.04	-1.80%
XRP(XRP)	$0.57	-0.60%
Dogecoin(DOGE)	$0.104918	-0.94%
Cardano(ADA)	$0.340612	-1.11%
TRON(TRX)	$0.126933	-1.07%
Shiba Inu(SHIB)	$0.000014	-0.49%
Polkadot(DOT)	$4.60	-1.27%
Chainlink(LINK)	$10.55	0.94%
Litecoin(LTC)	$60.98	0.13%
Polygon(MATIC)	$0.426398	1.04%
Monero(XMR)	$148.83	-0.77%
OKB(OKB)	$36.51	-0.24%
ApeCoin(APE)	$0.61	0.41%