The mood around Bitcoina on social networks reached the highest point in seven months, because Bitcoin moves back towards its record level.
Several Bitcoin breaks over $ 110,000 have raised an optimistic mood on the market to the highest level in seven months, which was last seen during the US President Donald Trump’s election victory.
From 11. June, there are 2.12 positive comments on Bitcoin on social networks for each negative comment, a platform for the crypto analytics of Santiment in publication X from 11. June.
This is the highest ratio from 6. November, the day after Trump won the presidential election, when Bitcoin first exceeded $ 70,000.
Retail interest in Bitcoin lags behind in this cycle, and the growth of Bitcoin prices is attributed to institutional and national adoption. A positive shift in the mood of retail could be an extra plus for Bitcoin.
Santiment data for 11. June recorded 504.54 positive comments on Bitcoin, while 237.71 comment was negative, which is total 2.12. Santiment Follow the mood on the Bitcoin market on X, Reddit, Telegram, 4Chan, Bitcoin Talk and Farcaster.
The increase comes at the time Bitcoin fell for $ 110,000 several times over the past week, and Santiment notes that “retailers became Bikovska.”
Bitcoin is currently $ 108,635, which is a drop of 3% compared to the record 112,000 set 22. May, show tradingview data.
Data from the crypto fear and greed index are also bulls, with the current mood in the market of 71 out of 100, in the “greed zone”.
However, the current result is far from 94 out of 90 years ago. November, which is a four-year maximum that came after Trump’s wins and a $ 67,700 monthly minimum.
However, the interest in searching on Google for “Bitcoin” continues to show that the interest of retailers did not return, seebiz.
He currently shows the result of 32 out of 100 in relation to his highest point in the last 12 months, week. Until 16. November, when Bitcoin exploded by 18.6% and first pierced $ 90,000.
It also shows the score of 19 out of 100 compared to the end of 2017, when the interest in searching Bitcoin reached its highest ever recorded point.
