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

Bitcoin And in altcoins While the decline worries investors, the expectation of an increase in the market continues.

While different ideas 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, Centiment BTC He stated that although there has been an alarming decline in altcoins, investors remain strong and bullish expectations continue.

centimeterHe 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.

“Bitcoin has seen a drop 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 generally 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 likely be a definitive moment when the bottom opportunity presents itself.”

📉 #Bitcoin has seen a drop to $66.4K, and #altcoins have shed much more of their market caps as prices have continued their concerning retracement to kick off April. However, the crowd remains quite strong and showing confidence towards the prospects of a quick rebound.

The… pic.twitter.com/tbGmtmTNIb

— Santiment (@santimentfeed) April 2, 2024

*This is not investment advice.