Bitcoin Investor Sentiment Back To ‘Very Bullish’ — What This Means

Description

The Bitcoin price action was largely sideways rather than strongly bullish for most of June. As of early July, the flagship cryptocurrency has maintained its movements around $108,000 – $110,000 region. While Bitcoin still retains its bullish market structure, recent on-chain data calls for a level of caution when investors are looking for opportunities in the market. Bitcoin Sentiment Recovers From Bearish In a July 4 post on the social media platform X, crypto analytics firm Alphractal reveale...