{"id":540849,"date":"2023-01-19T12:42:28","date_gmt":"2023-01-19T09:42:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-crowd-sentiment-hit-multi-month-high-as-btc-price-touches-21k\/"},"modified":"2023-01-19T12:42:28","modified_gmt":"2023-01-19T09:42:28","slug":"bitcoin-crowd-sentiment-hit-multi-month-high-as-btc-price-touches-21k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-crowd-sentiment-hit-multi-month-high-as-btc-price-touches-21k\/","title":{"rendered":"# Bitcoin crowd sentiment hit multi-month high as BTC price touches $21K"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3be418137fc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3be418137fc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-crowd-sentiment-hit-multi-month-high-as-btc-price-touches-21k\/#%E2%80%9D_Bitcoin_crowd_sentiment_hit_multi-month_high_as_BTC_price_touches_21K_%E2%80%9C\" >&#8221; Bitcoin crowd sentiment hit multi-month high as BTC price touches $21K &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_crowd_sentiment_hit_multi-month_high_as_BTC_price_touches_21K_%E2%80%9C\"><\/span>&#8221; Bitcoin crowd sentiment hit multi-month high as BTC price touches $21K &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Bitcoin (BTC) price climbed to a four-month high above $21,000 in the third week of January, relishing trader\u2019s hope. The market has seen the most substantial investor optimism since July due to the January BTC price rebound.<\/p>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/app.santiment.net\/charts?layout=18817&amp;settings=%7B%22slug%22%3A%22bitcoin%22%2C%22ticker%22%3A%22BTC%22%2C%22from%22%3A%222021-01-18T08%3A00%3A00.000Z%22%2C%22to%22%3A%222023-01-18T08%3A00%3A00.000Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22sentiment_volume_consumed_total%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23FF8450%22%5D%2C%22ws%22%3A%7B%221%22%3A%7B%22interval%22%3A%227d%22%7D%7D%7D%5D\">data <\/a>shared by crypto analytic firm Santiment, the trading crowd sentiment has touched its highest in six months and second highest bullish sentiment in the past 14 months. The data indicates that traders are treating Bitcoin&#8217;s price rebound as a signal of a possible bigger breakout in the near future.<\/p>\n<p>The term &#8220;crowd\/investor sentiment&#8221; describes how investors <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly feel about a specific asset or financial market. It refers to the mood or tenor of a market, or the psychology of its participants, as expressed by activity and changes in the price of the asset exchanged in that market.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/3ed55ef5-e6b0-4817-831e-50bd4ba21bb3.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin weighted <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> sentiment Source: Santiment<\/em><\/figcaption><\/figure>\n<p>The chart above shows three major spikes in investor sentiment since 2021. The first major spike in sentiment came in November 2021, followed by the BTC price surge to a new all-time high of $68,789. The second major spike came in July 2022 amid hints by Fed about possible inflation ease, followed by a minor price surge. While the price rise post-spike in crowd sentiments in July last year wasn\u2019t very significant due to market-wide bearish sentiment, traders did buy the dip at $19,000.<\/p>\n<p><strong><em>Related: Bitcoin price rally over $21K prompts analysts to explore where BTC price might go next<\/em><\/strong><\/p>\n<p>The latest spike in crowd sentiment came after a prolonged winter in 2022. Market analysts believe the BTC price rebound could be a sign of a market bottom. According to independent market analyst HornHairs, the time from bottom to top and top to bottom has remained constant since 2015 at 152 weeks and 52 weeks, respectively.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a><br \/>2015-2017 bull market: 1064 days<br \/>2017-2018 bear market: 364 days<\/p>\n<p>2018-2021 bull market: 1064 days<br \/>2021-*current* market low: 364 days<\/p>\n<p>Days left until the top if we just carbon copy the cycle timeframe again: 1001 days <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/KoNZxJRuy5\">pic.twitter.com\/KoNZxJRuy5<\/a><\/p>\n<p>\u2014 HornHairs  (@CryptoHornHairs) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoHornHairs\/status\/1613354455537180676?ref_src=twsrc%5Etfw\">January 12, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The run-up to the top and bottom of the prior cycles look surprisingly similar when examining the long-term price behaviour of Bitcoin. What&#8217;s more intriguing is that the cycle for 2020\u20132021 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be following a similar trend.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-crowd-sentiment-hit-multi-month-high-as-btc-price-touches-21k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin crowd sentiment hit multi-month high as BTC price touches $21K &#8220; Bitcoin (BTC) price climbed to a four-month high above $21,000 in the third week of January, relishing trader\u2019s hope. The market has seen the most substantial investor optimism since July due to the January BTC price rebound. According to data shared by&#8230;<\/p>\n","protected":false},"author":1,"featured_media":540850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/9ade0cd9-9974-498b-aec4-c717bf206cb5.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74863,74860,71407],"class_list":["post-540849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/540849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=540849"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/540849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/540850"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=540849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=540849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=540849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}