Bitcoin’s price in the market has surged past $67,000 for the first time in a month, leading to increased optimism among investors.
The sentiment surrounding Bitcoin has become the most bullish since January, as indicated by Santiment’s “Weighted Sentiment” metric, which tracks social volume and sentiment score.
However, there are concerns about the sustainability of the rally due to the fear of missing out (FOMO). Chainlink (LINK), another major cryptocurrency, is also experiencing bullish sentiment, leading to debates about the start of the second leg of the bull run.
It is important to keep FOMO under control to ensure a sustained rally and potential push towards the $70,000 mark. The recent price surge and shift in sentiment paint an intriguing picture for the future of Bitcoin and the broader cryptocurrency market.
However, it’s worth noting that Bitcoin’s price is still highly volatile, and a downturn in the stock market could dampen its momentum.
Source: DAILYCOIN
