The Santment Cryptocurrencies Analysis company in its last report discussed that Cryptocurrency investors on social networks are expected from the price of bitcoins.
The price of Bitcoin rose to 95,500 dollars today. According to analysts, this growth occurred when individual traders showed more confidence in the cryptocurrency market. When the sanity studied the platforms of social networks, it was found that forecasts that Bitcoins will grow to a higher price were much more common than forecasts, that the price would fall.
“In the past, bull investors wanted to see that the majority of crypto community are opposed to the market. However, after a strong rally last week, retail investors began to move on to speculative assets, in particular Memecoins, ”the company said.
According to the data shared by the company, while a significant part of the cryptocurrency community predicted lower bitcoins on social networks platforms from April 6 to 18, this situation was changed in data from April 19 to 28.
Santiment analysts said that a period of fear, when lower prices are predicted, caused a price rally. Nevertheless, they added that the increasing moods of greedy sentiments as forecasts become positive, can cause a pause in price.
*This is not an investment council.
