$BTC Sentiment Hits Seven-Month High as
$BTC Approaches $112K Territory
Social media sentiment for
$BTC has reached its strongest level in seven months as the cryptocurrency flirts with all-time highs.
Santiment data shows 2.12 positive
$BTC comments for every negative comment across major platforms.
This marks the highest #bullish ratio since Nov. 6, the day after #Trump's presidential election victory.
$BTC currently trades at $108,635, down 3% from its all-time high of $112,000 set on May 22.
The Crypto Fear & Greed Index scores current market sentiment at 71 out of 100, firmly in the "greed" zone.
Retail interest appears to be returning after lagging throughout this cycle compared to #institutional adoption.
Google search interest for "Bitcoin" remains subdued at 32 out of 100 relative to its 12-month peak.
The sentiment shift could provide additional momentum as
$BTC approaches new price discovery territory.
