Is Bitcoin poised for another price ATH? | Santiment Pro Weekly Report

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Ibis
Mar 13, 2021

Bitcoin is on a mission again, gaining +15.5% over the past 7 days and getting dangerously close to breaking a new price all-time high.


Alongside BTC’s rally, however, there has been a major shift in a number of key on-chain and off-chain indicators, all of which now warrant close monitoring.


As we sit on the edge of price discovery yet again, let’s take a look at the top coin’s latest fundamentals, and what they may suggest about its ATH potential:


Bears retreat


In our last bi-weekly report, we noted that the average crowd sentiment towards Bitcoin - based on text data from 1000+ crypto-related social channels - was rapidly descending alongside its price:


“[...] the average mood towards Bitcoin on crypto social media has plummeted over the past 72 hours, already reaching a 5-month low at the time of

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Our previous TOP calls:
WAVES crowd sentiment patternMATIC charts a new ATH: is the top in?ICX insanity. How far could it go?
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Assets from this insight

Bitcoin logo

BitcoinBTC

$ 56068.89

6.65%in last 7d
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