Bitcoin Social Sentiment Hits Yearly Low as Price Faces Correction
Mon, Dec 23, 2024 4:07 PM

Bitcoin Social Sentiment Hits Yearly Low as Price Faces Correction

A Flip by Shubhangi Gupta
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Bitcoin's social sentiment has dropped to its lowest point of 2024, with the ratio of positive to negative comments falling to 4:5. Despite Bitcoin holding steady above $95K, retail traders have expressed significant pessimism. This decline in sentiment is seen as a potential sign that Bitcoin might soon break out, as contrarian analysts believe markets often move opposite to retail expectations.

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