Bitcoin

<p><strong>Santiment, a crypto analytics platform, <a href="https://x.com/santimentfeed/status/1719420357478895764?s=20" target="_blank" rel="noopener noreferrer nofollow">reported</a> increasing discussions around AI (artificial intelligence) and RWA (real-world assets) on crypto social platforms on October 31, 2023. </strong></p>
<p>This indicates growing interest in the technology behind crypto and its potential real-world use cases.</p>
<p>At the same time, talk of a bull market or bear market has significantly decreased compared to previous weeks. This comes as the crypto market has stabilized after a period of high volatility. With crypto sentiment becoming less extreme, this could signify that the market is bottoming out from the recent downturn.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="690" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-786-1024x690.png" alt="" class="wp-image-367639" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-786-1024x690.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-786-300x202.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-786-768x517.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-786-1536x1034.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-786-2048x1379.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-786-223x150.png 223w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-786-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-786-520x350.png 520w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-786-788x530.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-786.png 1485w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>According to Santiment, waning bearish sentiment can often be a positive sign for Bitcoin’s price reaching a support level, in this case near $40,000. When fewer traders are fixated on market direction, it suggests less panic selling and more potential for a rebound.</p>
<p>Santiment’s analysis of crypto social data implies trader sentiment is becoming less bearish after recent volatility. With discussion shifting to technology and real-world adoption, decreasing talk of bull and bear markets could indicate Bitcoin is primed for a bounce off its lows if sentiment remains muted. This would align with typical market psychology during transition periods. However, continued monitoring of trader mood is advised.</p>
<p>Bitcoin is trading at $34,563 at the time of writing.</p>
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<p>The post <a href="https://captainaltcoin.com/crypto-sentiment-data-hints-at-bitcoin-support-after-volatile-month-bear-talk-fades-report/" rel="noopener noreferrer nofollow">Crypto Sentiment Data Hints at Bitcoin Support After Volatile Month, Bear Talk Fades – Report</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Sentiment Data Hints at Bitcoin Support After Volatile Month, Bear Talk Fades – Report

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