2024

Bitcoin

when

April

Time

While the decline in Bitcoin and altcoins makes investors nervous, on the other hand, the expectation of an increase in the market continues. 
While different opinions emerged about the recent decline, whether the decline will continue or the rise will begin with the recovery, the latest assessment came from Santiment. 
Accordingly, Santiment stated that although there was an alarming decline in BTC and altcoins, investors remained strong and the upward expectation continued. 
Santiment argued that the opportunity to buy the bottom in Bitcoin and altcoins will come when the community is more negatively sentimental, that is, speaking more bearish words. 
<blockquote> 
 “Bitcoin has seen a decline to $66,400 and prices of altcoins continue their alarming pullback from April. 
 Despite the decline in BTC and altcoins, investors remain quite strong and remain confident in the possibility of a rapid recovery. 
 bullish words like buy , buying , and bullish ; It is spoken about twice as often as bearish words such as sell , selling , sold , or bearish . 
 Historically, the best dip buying opportunities occur when the community overall shows some fear of further declines. In other words, the bottom opportunity usually occurs when investors speak more bearish words and are afraid of the decline. 
 “When we see the red bars (representing bearish, negative sentiment) start to catch up with the blue bars (representing bullish, positive sentiment), there will probably be a definitive moment where the bottom opportunity presents itself.” 
</blockquote> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> has seen a drop to $66.4K, and <a href="https://twitter.com/hashtag/altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#altcoins</a> have shed much more of their market caps as prices have continued their concerning retracement to kick off April. However, the crowd is staying quite strong and showing confidence toward the prospects of a quick rebound. 
 The… <a href="https://t.co/tbGmtmTNIb">pic.twitter.com/tbGmtmTNIb</a> 
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1775034934702510319?ref_src=twsrc%5Etfw">April 2, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/is-it-time-to-buy-the-bottom-in-bitcoin-and-altcoins-santiment-explained/">Is It Time to Buy the Bottom in Bitcoin and Altcoins? Santiment Explained!</a>

Is It Time to Buy the Bottom in Bitcoin and Altcoins? Santiment Explained!

Bitcoin Sistemi EN

Altri articoli pubblicati su 2 apr 2024

Solana Hungry for New All-Time Highs and Ready To Overtake BNB’s Market Cap, Says Investor Chris ...

The fall of BTC led to liquidations of $500 million.

Will Crypto Stumble Further as Fed Rate Cut Hopes Diminish?

Stader Labs Launches First-of-its-Kind SD Utility Pool: Rewarding Hodlers for Contributing to ETH...

LTC’s Remarkable Surge as Crypto Markets Face Tough Times

Ethereum Price Post Spot ETF Approval: Surge or Fizzle?

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!