Bitcoin Rebounds From $27,100 After Spike In Bearish Sentiment

Data shows the Bitcoin sentiment had turned quite bearish just before the asset’s price had rebounded up from the $27,100 level. Bitcoin Recovers Shortly After FUD Takes Over Market According to data from the on-chain analytics firm Santiment, investors showed high levels of fear around the time of the local bottom during the past day. The relevant indicator here is the “social volume,” which measures the total number of social media text documents that mention a given topic like cryptocurrency or Bitcoin. These social media text documents include a variety of sources, like Reddit, Twitter, Telegram, and other forums. The