In a market insights article, Odaily Blockchain analysis platform Santiment said that "historically, BTC price movements have been contrary to what mass traders expected," adding that the market could bottom before Halving or shortly after Halving. Data tracked by Santiment shows that the number of references to "Bull Market" or "Bull Market Cycle" on encryption social media has been declining since the end of March. At the same time, the number of references to "Bear Market" or "Bear Market Cycle" continues to increase.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Santiment: The market is likely to bottom before BTC Halving or shortly after the Halving
In a market insights article, Odaily Blockchain analysis platform Santiment said that "historically, BTC price movements have been contrary to what mass traders expected," adding that the market could bottom before Halving or shortly after Halving. Data tracked by Santiment shows that the number of references to "Bull Market" or "Bull Market Cycle" on encryption social media has been declining since the end of March. At the same time, the number of references to "Bear Market" or "Bear Market Cycle" continues to increase.