Are Bitcoin Holders Expecting an Upturn or a Downturn in the Current Situation? Data Revealed

Cryptocurrency analysis company Santiment, in its latest report, discussed what cryptocurrency investors on social media platforms expect from Bitcoin price from now on. Bitcoin’s price climbed to around $95,500 today. According to analysts, this rise came as individual traders showed more confidence in the cryptocurrency market. When Santiment examined social media platforms, it was found that predictions that Bitcoin would rise to a higher price were much more common than predictions that the price would fall. “In the past, bullish investors would have liked to see the majority of the crypto community oppose the market. However, following last week’s strong rally, retail investors have started to shift back towards speculative assets, particularly memecoins,” the company said in a statement. Related News: Bernstein Said “It’s Hard to Expect a Fall in Bitcoin From Now On!” Announced His 2025 Price Target! According to the data shared by the company, while a significant part of the cryptocurrency community predicted lower prices for Bitcoin on social media platforms between April 6-18, this situation was reversed in the data between April 19-28. Analysts at Santiment said that the period of fear, when lower prices are forecast, triggered the price rally. However, they added that the increasing greed sentiment as the forecasts turn positive could cause a pause in the price. Chart shared by Santiment showing the recent increase in bullish sentiment. *This is not investment advice. Continue Reading: Are Bitcoin Holders Expecting an Upturn or a Downturn in the Current Situation? Data Revealed

Source: BitcoinSistemi